Strait of Hormuz Reopens, Gas Prices Drop

Summary

President Trump and Irans foreign minister announce the Strait of Hormuz is fully open, causing oil prices to plummet and the stock market to soar. While gas prices have already dipped slightly, they remain 37% higher than before the conflict. Experts warn that while crude oil prices may drop rapidly, pump prices will lag due to slow tanker speeds and bac…

Show notes

President Trump and Irans foreign minister announce the Strait of Hormuz is fully open, causing oil prices to plummet and the stock market to soar. While gas prices have already dipped slightly, they remain 37% higher than before the conflict. Experts warn that while crude oil prices may drop rapidly, pump prices will lag due to slow tanker speeds and backups in the Persian Gulf. Motorists may see a few cents off every couple of days, potentially reaching $3.45 to $3.65 by Memorial Day, but secu

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