Fuel Tax Changes Hit Six States As Energy Inflation Accelerates

Oil markets extended their decline on Friday, with crude prices falling sharply after U.S.

President Donald Trump said a peace agreement with Iran was close and canceled previously threatened military strikes.

Brent crude slipped below $90 per barrel, trading around $88–$89, while WTI fell to roughly $85–$87, as traders priced in the possibility of de-escalation in the Middle East and a potential reopening of the Strait of Hormuz.

The decline allowed motorists to enjoy some reprieve at the pump, with national average gas prices falling…