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International Business Times UK
International Business Times UK
Business
Akshay Puri

EXPLAINED: When will gas prices go down experts warn relief may take months | Rare Historical Photos

Petrol prices remain high as oil markets react to Middle East tensions. Experts say meaningful relief may still be months away.

Petrol prices across the US remain stubbornly high, leaving drivers wondering when meaningful relief might finally arrive. Global oil markets remain volatile as geopolitical tensions and supply concerns continue to ripple through energy markets. As of 21 April 2026, the US benchmark crude price, West Texas Intermediate, is trading between roughly $83.85 and $89.29 per barrel. The global benchmark Brent crude sits higher, between about $93.80 and $95.09 per barrel.

Gasoline futures are trading near $3.11 per gallon. These prices reflect continuing uncertainty in global energy supply, particularly linked to developments in the Middle East and shipping disruptions affecting key oil routes.

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