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Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
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Statements aside, reality aside? Despite President Trump's bombastic and optimistic statements regarding the agreement with Iran as almost a fait accompli, the aircraft carrier Ford, which sailed from the Persian Gulf to repairs in Greece several weeks ago after participating in extensive strikes on Iran during the final phase of the US's Operation Epic Fury, has now returned to alert in the Persian Gulf. According to American and Arab reports, …
Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
NEW YORK (AP) — After U.S. President Donald Trump and Iran’s foreign minister said the Strait of Hormuz was fully open to commercial vessels after almost seven weeks of war, oil prices plunged 10% and the stock market rallied Friday. Motorists, hoping for relief at the pump, wondered how quickly gasoline prices might fall once oil tankers stuck in the Persian Gulf were moving again. A gallon of regular gasoline cost $4.08 on average in the U.S. …
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