Transportation Secretary Expects 'Immediate Relief' with Gas Prices Once Strait Reopens
Transportation Secretary Sean Duffy said U.S. pump prices should ease quickly once the Strait of Hormuz reopens, after AAA put the average at $4.45 a gallon.
- On Sunday, the national average gas price reached $4.45 per gallon, following President Donald Trump's April 12 blockade of the Strait of Hormuz aimed at curbing Iranian nuclear capabilities.
- Tensions escalated after Iran announced on April 9 it would restrict passage to 12 ships daily while demanding $1-per-barrel tolls in Chinese yuan or cryptocurrency. The regime also claimed to have mined the waters.
- A Washington Post-ABC News-Ipsos poll conducted April 24-28 found 42% of Americans are cutting household expenses due to higher costs. University of Houston energy economist Ed Hirs warned that oil flow remains throttled by damaged facilities in the region.
- Diplomatic progress remains stalled as Trump recently noted that Iran was "asking for things that I can't agree to." The administration views an Iranian nuclear weapon as "untenable" and insists the Strait must reopen.
- Pentagon officials recently briefed lawmakers that American forces might need six months to clear mines laid by Iran in the Strait of Hormuz. Hirs expects gas prices to remain elevated through the end of the year.
26 Articles
26 Articles
Transportation Sec Duffy Claims “Immediate Relief” on Gas Prices Will Come Soon — Fed Reports Say Otherwise
On Sunday, Transportation Secretary Sean Duffy baselessly assured Americans that gas prices would be lowered immediately upon resumption of oil shipments through the Strait of Hormuz, which have been severely restricted due to the U.S. and Israel’s war on Iran. Duffy’s claim, however, contradicts public reports from other agencies within the Trump administration, which have noted that… Source
Duffy Says Gas Prices Will Fall Immediately After Hormuz Reopens
U.S. Transportation Secretary Sean Duffy said on May 3 that gasoline prices should begin to decline “immediately” once shipping resumes through the Strait of Hormuz, pushing back against analyst warnings that relief for consumers could take months. Duffy, speaking on ABC’s “This Week” program on May 3, acknowledged that prices may take time to return to pre-war levels but said reopening the critical oil transit chokepoint would quickly ease pres…
MichaelSavage.com – Duffy: Once the Strait Opens You’ll See ‘Immediate Relief’ on Gas Prices
On Sunday on ABC’s “This Week,” Transportation Secretary Sean Duffy said that once the Strait of Hormuz is open, consumers will see “immediate relief” in gas prices. Partial transcript as follows: HOST MARTHA RADDATZ: We just heard our experts say gas prices could break record highs and even if the Strait opened today, it would…
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Duffy Says Gas Prices Could Drop Quickly Once Strait of Hormuz Reopens
On Sunday’s broadcast of This Week on ABC News, Transportation Secretary Sean Duffy addressed growing concerns over rising gas prices amid tensions affecting the Strait ... The post Duffy Says Gas Prices Could Drop Quickly Once Strait of Hormuz Reopens first appeared on [your]NEWS.
Gas Prices Keep Edging Higher
Gas prices hit an average of $4.45 a gallon over the weekend. Playbook: “That’s a 30-cent rise in the past week, and up a whopping $1.28 from this time last year. The next big landmark — a national average price of $4.50 a gallon — could hit this week and would trigger another round of grim headlines. And voters know this is a price increase linked directly to Trump’s war.”
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