Tag Archives: Strait of Hormuz

Oil Prices Rocketing As Trump’s War Fails

Posted on 14 September 2026 by Ken Zino

“The war seems likely to continue, stockpiles are depleted, and Iranian attacks on energy infrastructure are becoming “more successful.” To boot, the Houthis appear poised to control access to the Red Sea, Harrell said. Oil flows remain depressed as traffic through Hormuz is still far below pre-war levels, and the administration’s attempts to boost supplies elsewhere have failed to make up the shortfall,” said Harrell. Continue reading →

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AAA – Labor Day Weekend Travelers Face Record Pump Prices

Posted on 3 September 2026 by Ken Zino

“The national average is $4.14, up 4 cents from last week. Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range. After a record-setting August, this Labor Day weekend is on track to also set a record at the pump. The national average has never been above $4 per gallon on Labor Day. The current Labor Day record is $3.82, set on September 3, 2012. Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil.,” AAA said in a release. Continue reading →

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July 2026 Light Vehicle Production Forecast Slightly Higher

Posted on 22 July 2026 by Ken Zino

“Against that backdrop, our near-term forecast moves mostly higher, except in Greater China, where soft consumer sentiment is still dragging sales and pulling production down,” said Mike Wall, Executive Director, Automotive Analysis, Mobility Global. “The important nuance: Chinese OEMs are leaning harder on exports to keep plants running, and that is reshaping pricing and competitive intensity across multiple regions.**

“At the same time, inflation is keeping buyers price-sensitive. Demand is resilient in many markets, but it can turn quickly if fuel prices rise, credit tightens, or confidence slips, especially in higher-priced segments where mix and margins move first,” said Wall. Continue reading →

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War Crimes – Trumpoline Prices Rising!

Posted on 9 July 2026 by Ken Zino

 “Gas prices are going up again, as the future of the ceasefire between the U.S. and Iran remains uncertain. The national average for a gallon of regular gasoline went up 5 cents overnight to $3.84 after steadily dropping since late May. Crude oil prices are currently in the $70 per barrel range but could rise if volatility lingers along the Strait of Hormuz,” AAA said in a release today. Continue reading →

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June 2026 Light Vehicle Production Forecast So-So

Posted on 17 June 2026 by Ken Zino

S&P Global Mobility’s May forecast released today noted that Geopolitical risk around the Middle East and the Strait of Hormuz keeps oil risks elevated, with “higher for longer” pricing still a base case and possible shipping/logistics hiccups. The biggest shift is a more constrained outlook for China light-vehicle demand, translating into lower sales and production. Continue reading →

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BTS – May 2026 Fuel Prices Are Sky-High Up 32-50%

Posted on 2 June 2026 by Ken Zino

The Bureau of Transportation Statistics (BTS) today released monthly motor fuels prices for May 2026. The news shows the dire straits motorists are in with the prices at the pump confirming the ongoing trend under the Trump mis-administration. This comes as Iran on Monday has charged the Trump administration with ceasefire violations in Lebanon, saying it will close the Strait of Hormuz and stop swapping messages with the U.S. through intermediaries.

“In May 2026, the average price for regular motor gasoline was $4.48 per gallon; up 9.2% from April 2026 and up 42.2% from May 2025. The average price for diesel no. 2 was $5.60 in May 2026, up 1.8% from April 2026, and up 60.0% from May 2025,” BTS said. Continue reading →

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Trumped – National Average for Fuel Prices Climbing Yet Again

Posted on 14 May 2026 by Ken Zino

AAA said today that the national average for fuel prices is once again on its way back up.*

“After five straight days of declines earlier this week, the national average is once again on its way back up. Today’s national average is a couple cents lower than last week, but with crude oil prices hovering in the $100/barrel range, pump prices remain elevated,” AA said. Continue reading →

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AAA – Weekly Average Pump Gas Prices Up 27 Cents!

Posted on 30 April 2026 by Ken Zino

Gas prices are going back up again, according to the latest data from AAA. The national average is $1.12 higher than it was at this time last year. Oil prices are above $100/barrel.

“After ticking down for nearly two weeks, gas prices are going back up again with the national average seeing a 27-cent hike in one week. The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen. Gas prices are the highest they’ve been in four years since late July 2022,” AAA said in a release. Continue reading →

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