![\"Washington](\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/03\/wnb.png\")
<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\tThe good news is that gas prices are down nearly 40 cents nationally from last month, but the pace of that decline has slowed, and President Trump has taken notice. Ahead of the holiday weekend. The president complained that prices at the pump were not dropping as fast as they should be. Part of the reason for that, according to Gas Buddies Patrick Dehaan, is continued violence in the Strait of Hormuz. The US and Iran are still sparring over management of the crucial oil. Shipping route despite an interim agreement that aims to stop that fighting, but another faraway war is also taking *** toll on Americans’ wallets, according to Dahan. The Ukraine attacks on Russian refineries, that’s more problematic and more impactful to the price of gasoline, diesel, and jet fuel really than what’s ongoing in the Strait of Hormuz. That’s because those Russian refineries are needed to transform oil into gasoline. Ukrainian attacks are knocking. Out that capacity, causing supply shortages in Russia that ripple throughout the global economy at *** time when the summer is also bringing high demand and *** more expensive blend of gasoline. Is it in the realm of possibilities that we could see gas prices back to pre-war levels come Labor Day? No, probably not by Labor Day. I definitely do not believe that we’ll see pre-war prices, maybe not until even Christmas or into 2027. Next steps for the conflict with Iran and the Russia-Ukraine war both top of mind today as President Trump is in Turkey for *** NATO summit at the White House. I’m Jackie DeFusco.\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Will gas prices continue to drop as violence flares in the Strait of Hormuz?<\/p>\n
A war in another part of the world may be having a bigger impact at the gas pump, according to one analyst. <\/p>\n
\t\t\t\t\t\t<\/p>\n
\n\t\t\tUpdated: 4:45 PM PDT Jul 7, 2026\n\t\t<\/p>\n
\t\tEditorial Standards \u24d8<\/a><\/p>\n \n\t\t\t\t\t\tThe U.S. military launched new strikes against Iran on Tuesday night in response to reported attacks on three tankers in the Strait of Hormuz earlier in the day, the latest test for an initial agreement that aims to end the fighting. Those developments could impact gas prices in the days ahead, but at least for now, a war in another part of the world is having a bigger impact at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.As of Tuesday night, gas prices were down nearly 40 cents per gallon on average nationally compared to last month, according to AAA, but the pace of that decline has slowed in recent days, and President Donald Trump has taken notice. Ahead of the holiday weekend, Trump wrote on social media, “Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, but not as fast as they should be. ” Part of the reason for that, according to De Haan, is continued violence in the Strait of Hormuz. The U.S. and Iran are still sparring over management of the crucial oil shipping route. That has resulted in outbreaks of violence, although there has yet to be a return to full-scale fighting. Traffic in the Strait has rebounded but is still not back to pre-war levels. Another faraway war is also affecting prices at the pump. “The Ukraine attacks on Russian refineries, that’s more problematic and more impactful to the price of gasoline, diesel, and jet fuel than what’s ongoing in the Strait of Hormuz as the situation has evolved,” said De Haan. That’s because those Russian refineries are needed to transform oil into gasoline. Ukrainian attacks have knocked out capacity, causing supply shortages in Russia that have rippled through the global economy. The summertime also brings high demand and a more expensive blend of gasoline. Another curveball could be severe weather in the midst of hurricane season. With these factors taken together, De Haan is doubtful that gas prices will return to pre-war levels by Labor Day. He said Americans may have to wait until Christmas, or even 2027, to see such a drop.\n\t\t\t\t\t<\/p>\n \t\t\t\t\t\tWASHINGTON \u2014 \t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n The U.S. military launched new strikes<\/a> against Iran on Tuesday night in response to reported attacks on three tankers in the Strait of Hormuz earlier in the day, the latest test for an initial agreement that aims to end the fighting. <\/p>\n Those developments could impact gas prices in the days ahead, but at least for now, a war in another part of the world is having a bigger impact at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.<\/p>\n As of Tuesday night, gas prices were down nearly 40 cents per gallon on average nationally compared to last month, according to AAA,<\/a> but the pace of that decline has slowed in recent days, and President Donald Trump has taken notice. <\/p>\n