{"id":597141,"date":"2026-05-06T13:40:00","date_gmt":"2026-05-06T13:40:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=597141"},"modified":"2026-05-06T13:40:00","modified_gmt":"2026-05-06T13:40:00","slug":"u-s-gasoline-tops-4-50-as-shock-awe-level-approaches","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=597141","title":{"rendered":"U.S. Gasoline Tops $4.50 As &#8220;Shock &amp; Awe&#8221; Level Approaches"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">U.S. Gasoline Tops $4.50 As &#8220;Shock &amp; Awe&#8221; Level Approaches <\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>WTI futures plunged more than 11% to the $90-a-barrel level after <a href=\"https:\/\/www.zerohedge.com\/markets\/sp500-futs-jump-bonds-rally-oil-tanks-axios-report-us-iran-nearing-deal\">Axios reported<\/a> earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint.<\/p>\n<p>At the pump, however, the latest AAA data as of Wednesday morning show that the national average for regular 87-octane gasoline has climbed to $4.50 a gallon, the highest level since July 2022.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-06_07-44-24.png?itok=xG21cuzE\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-05-06_07-44-24.png?itok=xG21cuzE\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"17ee40b4-d391-41cf-ab73-52b477fd8c5f\" data-responsive-image-style=\"inline_images\" height=\"182\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-06_07-44-24.png?itok=xG21cuzE\" alt=\"\" \/><\/a><\/p>\n<p>There will be a lag. Even if the Trump administration and Tehran formalize a deal in the near term, the immediate result will not be a collapse in gas and diesel pump prices, but rather an approaching peak.<\/p>\n<p>Lower crude prices typically take a few weeks to work through wholesale markets, inventories, distribution networks, and retail outlets before meaningful declines in gas and diesel are visible at pump stations to consumers.<\/p>\n<p>During a Monday press conference, <strong>Trump said he expects the price of gasoline to drop &#8220;substantially&#8221; following the end of the US-Iran war.<\/strong><\/p>\n<p><em>&#8220;I see it going down very substantially when this is over, I think very rapidly too, at levels that you&#8217;ve never seen because there&#8217;s a lot of energy out there, ships all over the world that are loaded up with it,&#8221; Trump said.<\/em><\/p>\n<p><em>&#8220;They can&#8217;t do much with it because they got kidnapped by a pretty evil place. But we&#8217;re taking care of it.&#8221;<\/em><\/p>\n<p>Last week, Trump said pump prices would &#8220;come crashing down as soon as this war is over.&#8221;<\/p>\n<p>GasBuddy analyst Patrick De Haan warned that the <strong>$5-a-gallon threshold<\/strong> is typically the &#8220;shock and awe&#8221; level that triggers demand destruction.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_4974f68e.png?itok=N-POO0XT\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/Snag_4974f68e.png?itok=N-POO0XT\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"7d6032db-d478-44e0-958d-106b5e74fbc4\" data-responsive-image-style=\"inline_images\" height=\"277\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Snag_4974f68e.png?itok=N-POO0XT\" alt=\"\" \/><\/a><\/p>\n<p>With the national average for gas already near $4.50 a gallon, and California prices above $6, the political and consumer pressure backdrop for the Trump administration has intensified in recent weeks.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm44C2_0.jpg?itok=0VTSZY5b\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm44C2_0.jpg?itok=0VTSZY5b\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"da6f82aa-a96c-45ab-8eae-c74e122fa315\" data-responsive-image-style=\"inline_images\" height=\"298\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm44C2_0.jpg?itok=0VTSZY5b\" alt=\"\" \/><\/a><\/p>\n<p>The administration now appears to be pushing hard for a near-term Iran resolution ahead of Memorial Day weekend, one of the largest U.S. driving periods of the year after Thanksgiving.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 05\/06\/2026 &#8211; 09:40<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-06_07-44-24.png?itok=xG21cuzE\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. Gasoline Tops $4.50 As &#8220;Shock &amp; Awe&#8221; Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=597141\">Continue reading <span class=\"screen-reader-text\">U.S. Gasoline Tops $4.50 As &#8220;Shock &amp; Awe&#8221; Level Approaches<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":597142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-597141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/597141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=597141"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/597141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/597142"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=597141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=597141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=597141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}