While US oil futures fell 12% in Tuesday trading, it could be a while before drivers get any significant relief at the pump. Even if oil futures begin to fall back to earth, that doesn’t mean immediate savings at the pump. Wholesale gas prices rose by 23% since the start of the war in late February. Because of that, the high point for gas prices in recent years has come in mid-April as people drive more in the spring. “They have less money and because the higher gas prices put them in a bad mood,” he said.

Source: CNN March 13, 2026 16:52 UTC