Senator Moore: Gas Prices to Drop Soon

0:00Birmingham stories, making news on March 12th. U.S. Senator Barry Moore says the recent jump in gas prices from the conflict in Iran should be short-lived. He called it a minor bump that markets often see during times of unrest. Prices might stay high for a few months, but he predicts they'll drop back down soon. Earlier this week on a local radio show, Moore pointed to growing oil supplies as the fix. He highlighted U.S. companies restarting production in Venezuela after years of issues there that extra oil should help balance things out. Meanwhile, efforts to reopen a straight-of-horn mousse could boost global flows even more. Moore noted actions against Iranian navy might clear the way for smoother shipping. Strong demand persists, but Moore supplies on the horizon. The domestic U.S. oil production keeps ramping up, too. Combined with Venezuela's comeback, this should ease pressures before long. Summer driving season often pushes prices higher anyway. Prices hope to see relief by June or July.

1:01For now, drivers should brace for higher costs at the pump. But the outlook points the calmer times ahead. DNN is sponsored by our partner. When you want calm, do not reach for your phone. Stay back and listen, S-O-L-I-SOLYPILLOW.COM