Guno צְבִי
We fight, We win, Am Yisrael Chai
Expect more pain at the pump in the weeks and months ahead.
Millions of cash-strapped Americans are probably hoping that the current ceasefire — a two-week pause to hammer out a lasting peace deal — will mean a swift return to where gas was before the U.S. and Israel went to war with Iran on Feb. 28: under $3 per gallon.
After all, haven’t the Iranians agreed as part of the ceasefire to lift their monthlong blockade of the Strait of Hormuz, which has effectively choked off one-fifth of the world’s oil supply? And if oil starts flowing out of the Persian Gulf again, doesn’t that mean gas prices will plummet?
Unfortunately, no — or at least not anytime soon.
“There’s no going back to what we had,” Mark Zandi, chief economist of Moody’s Analytics, told USA Today. “At least not this year.”
Why $3 gas won't come back anytime soon, even with a ceasefire in Iran
Expect more pain at the pump in the weeks and months ahead.

