When Will Gas Prices Drop? Official Says It May Not Be until 2027

and on April 19, 2026

Gas jumped from $2.98 to $4.04 a gallon since Iran closed the Strait of Hormuz — and the Energy Secretary who promised relief in ‘weeks, not months’ is now hedging on whether it happens this year at all.

US, Iran Threaten More Energy Strikes as Gas Prices Surge. What to Know

and on March 22, 2026

With the Strait of Hormuz effectively shut and Brent crude soaring, the average gallon of gas has jumped nearly a dollar in three weeks.

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