Transportation Sec Claims Gas Prices Will Drop Fast, Contradicting Fed Reports

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…
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Iran War Likely Destabilized Gas Prices Through at Least 2027, Fed Report Says

As oil prices surge amid the U.S.’s continuing war on Iran, a new government report suggests it could be several months — and perhaps even years — before the cost of consumer-grade gasoline drops below $3 per gallon again. As of Thursday morning, the average price of regular grade gasoline is $3.884 per gallon, a 32 percent increase from where costs were just a week before the start of the…
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