As Pump Prices Hit Iran War Highs, Duffy Claims They'll Fall Immediately After Hormuz Reopens

As Pump Prices Hit Iran War Highs, Duffy Claims They'll Fall Immediately After Hormuz Reopens As pump prices for gasoline (and diesel) hit Iran War highs, U.S. Transportation Secretary Sean Duffy said on Sunday that gasoline prices should begin to decline “immediately” once shipping resumes through the Strait of Hormuz, pushing back against analyst warnings that relief for consumers could take months. Duffy, speaking on ABC’s “This Week” program on May 3, acknowledged that pr...

By Tyler Durden