"Once we get past Labor Day, we should see gas falling by 10 to 15 cents a month," said Tom Kloza, chief oil analyst with the Oil Price Information Service. "By December a lot of places are going to see gasoline at $2 or less."

 

Iran hasn't been able to sell oil to the United States since 1995. Most major Western countries imposed sanctions within the last five years aimed at curbing Iran's nuclear program. Instead it's been selling to China, India, Turkey and other developing markets.

 

$2 gas will be back after Iran nuclear deal - Jul. 14, 2015

Better wait to see what the Republicans have to say about the Iran deal before we assume we can buy Iranian oil again.