The Invisible Price of War: Why Gas Prices Won't Budge The ongoing conflict in the Middle East has sent shockwaves through global markets, with one impact standing out above the rest: high gas prices persisting despite a recent brief reprieve.
Americans wonder when or if they'll return to pre war levels. Economists attribute this stickiness to fundamental laws of supply and demand.
The oil market is more precarious now than it was at war's outbreak in February, with global inventories depleted and refining capacity offline due to various conflicts.