In an interview with RTTNews, Phil Flynn, vice president and senior market analyst at PFG Best and Fox Business Network contributor, discusses the recent surge at the pump. According to Flynn, relief hinges on a quick resolution to the situation in Iran. "If we do avoid this conflict with Iran…we could see [gas] prices collapse," says Flynn. That collapse could bring gas prices below $3 a gallon.
To listen to the complete interview, visit: http://www.rttnews.com/Media/AudioArchive.aspx?Node=B10&category=Interviews
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.