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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'You're saying years?' MS NOW host visibly shook by analyst's dire economic prediction
Gas prices and other price increases will be lasting for more than one year. trump may thing that prices will go back if he makes a deal with Iran but that is NOT how the real world works
Economic analyst Henrietta Treyz left MS NOW's Alex Witt stunned on Saturday after issuing a dire prediction about the American economy, particularly as it relates to the ongoing surge in energy costs.
— Raw Story (@rawstory.com) 2026-05-02T21:38:54Z
https://www.rawstory.com/gas-prices-2676844251
Witt queued up a clip of President Donald Trump claiming that gas prices which recently reached a four-year high of $4.30 per gallon would soon fall as his war against Iran ends, and despite peace talks between Washington and Tehran having reached a stalemate. She then asked Treyz, were the war to end tomorrow, how soon Americans could expect prices at the pump to fall.
At the earliest, you're not getting regular flow through the Strait of Hormuz until September, so my calculation is that, on the trajectory we're at right now, we should be expecting $4.90 gas by the end of next week, Treyz said. We are on track to get to $5 or even above by Memorial Day.
Treyz went on to warn that even in a best-case scenario where the United States and Iran manage to negotiate an end to the conflict and fully re-open the Strait of Hormuz a critical shipping waterway through which 20% of the worlds oil trade flows the impact of the war would almost certainly be felt by Americans and their pocketbooks far beyond September.
Even if you take out the 300% increase in insurance costs [for oil tankers] and you clear the backlog of ships, you have to deal with the reality that 80 of the largest refiners and energy producers on the earth have been bombed, including the world's largest [liquefied natural gas] facility, Treyz said....
So you're saying how long until we get something with a $2 in front of it per gallon of gas? You're saying years? Witt asked.
I'm saying years, Treyz responded. It's gonna be years.
hatrack
(65,061 posts)Prepare for Condition Messy for the foreseeable future.
Dan
(5,275 posts)So, really they should ask second coming if he can change salt water to gasoline or diesel.
Tetrachloride
(9,684 posts)my question is
is tv worth watching?
Midnight Writer
(25,665 posts)Jimmy Carter got the ball rolling, but of course Reagan and the Republicans had to strangle that initiative in its crib.
Commodities are what rich people use to rob working people.
We will, as a nation, go to war to protect the oil barons' money flow.
Even when we can't afford, as a nation, basic civilities such as healthcare and housing.
Johnny2X2X
(24,387 posts)If we get to $6 a gallon, its going to be a killer on Summer travel.
Bluestocking
(760 posts)And we are not allowed to buy them. I would never ever ever ever buy a Tesla.
maxsolomon
(39,058 posts)It's American manufacturers that are missing the boat.
Johnny2X2X
(24,387 posts)Showed because of Trump. But demand is rising again.
MerryBlooms
(12,373 posts)Mayo went up during the egg crisis, has done nothing but gone up. Clearly these gals do not make potato salad! 😂