Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
Airfind news item
By Cathy Bussewitz
Published on April 17, 2026.
After the announcement of the Strait of Hormuz being fully open to commercial vessels after nearly seven weeks of war, oil prices dropped 10% and the stock market rallied. However, experts warn that it could take months for fuel prices to return to levels they were before the war began. Factors such as slow travel from oil tankers to refineries, security concerns, traffic in the strait, and damage to energy infrastructure in the Middle East are all contributing to the elevated price of gasoline. Some energy analysts are optimistic that gas prices will gradually decrease. However they acknowledge that returning to lower prices could take a while.
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