Workflow
global oil market
icon
Search documents
Gas prices could hit record highs if Strait of Hormuz stays closed #shorts
60 Minutes· 2026-03-16 23:21
The all-time high for the most consumers have ever paid for gasoline was in the summer of 2022 after Russia invaded Ukraine. It was a $5 per gallon average. Um, if we don't open up Hormuz soon, I can see us making new records.>> We could be looking at the highest gas prices ever paid in this country. >> If we don't open Hormuz to the free flow of traffic, yes, >> it's not just gas prices. The cost of jet and diesel fuel has risen 25%.And as a result, higher plane tickets and grocery prices are expected to f ...
X @Bloomberg
Bloomberg· 2026-03-10 04:52
Even by the roller-coaster standards of the global oil market, Monday’s extreme swings tested traders’ limits https://t.co/2MspAkPVj4 ...