Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly [Globe and Mail, The (Toronto, Canada)]
S&P Global Inc. (SPGI)
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Source: Globe and Mail, The
almost seven weeks of war, oil prices plunged 10% and the stock market rallied Friday. Motorists, hoping for relief at the pump , wondered how quickly gasoline prices might fall once oil tankers stuck in the Persian Gulf were moving again. A gallon of regular gasoline cost $4.08 on average in the U.S. Friday, which was 37% more than before U.S. and Israel attacked Iran but down a few cents from a week ago. But when gas prices spike, they don't typically drop as quickly as the cost of crude. Even if Iran keeps the waterway open in the face of a U.S. blockade of its vessels, it still could take months for fuel prices to return to levels resembling those enjoyed before the war began Feb. 28, energy experts said. The slow speed at which oil tankers travel from ports to refineries, lingering security concerns, traffic in the strait and damage to energy infrastructure in the Middle East are all playing a role in the elevated price of gasoline. “The historical observation is that gas
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- The World Will Need More Copper in the Next 30 Years Than It Has Consumed in All of Human History. Ex Pentagon Advisor Says One American Company Controls the Deposit That Could Change Everything. [Yahoo! Finance]Yahoo! Finance
- Persian Gulf oil recovery will take months once war ends, Strait of Hormuz opens [Seeking Alpha]Seeking Alpha
- Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly [Yahoo! Finance Canada]Yahoo! Finance Canada
- Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly [Yahoo! Finance Canada]Yahoo! Finance Canada
- Hormuz reopening won't get oil markets back to normal right away [Advisor.ca (Canada)]Advisor.ca
SPGI
Earnings
- 2/10/26 - Miss
SPGI
Sec Filings
- 4/2/26 - Form 4
- 3/31/26 - Form ARS
- 3/31/26 - Form DEFA14A
- SPGI's page on the SEC website