{"id":42860,"date":"2026-04-08T19:22:51","date_gmt":"2026-04-08T19:22:51","guid":{"rendered":"https:\/\/financialrush.com\/?p=42860"},"modified":"2026-04-08T19:22:51","modified_gmt":"2026-04-08T19:22:51","slug":"gas-prices-should-soon-start-easing-if-ceasefire-holds-analysts-say","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42860","title":{"rendered":"Gas prices should soon start easing if ceasefire holds, analysts say"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108288832\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Laura Olivas | Moment | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Some relief at the gas pump may be on its way, at least for now.<\/p>\n<p>With oil prices plunging Wednesday after the U.S. and Iran agreed to <a href=\"https:\/\/www.cnbc.com\/2026\/04\/08\/trump-iran-ceasefire-strait-of-hormuz-toll.html\">a two-week ceasefire<\/a> that could allow oil tankers to pass through the Strait of Hormuz, <a href=\"https:\/\/www.cnbc.com\/2026\/04\/07\/with-gas-above-4-drivers-across-the-us-say-theyre-cutting-back.html\">gas prices<\/a> may start slowly coming down, analysts say. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\"><a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\/\">U.S. West Texas Intermediate<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> crude futures were trading at about $95 mid-day Wednesday, down from nearly $113 a day earlier.  Similarly, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\"><a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\/\">Brent<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> crude futures tumbled to about $95 from $109 on Tuesday.<\/p>\n<p>\u201cI expect some relief at the pump starting this weekend, and we might see a decline over the next couple of weeks of between 10 and 20 cents per gallon,\u201d said Andy Lipow, president of Lipow Oil Associates in Houston.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108288601\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108288601\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000409053\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>\u201cOf course, that\u2019s all predicated on the ceasefire holding and we\u2019re not back at war with Iran in two weeks\u2019 time,\u201d Lipow said.<\/p>\n<h3 id=\"4-16-per-gallon-nationally\" class=\"ArticleBody-smallSubtitle\">$4.16 per gallon nationally<\/h3>\n<p>Gas prices were at a national average of $4.16 on Wednesday, according to GasBuddy. Before the Feb. 28 start of the Iran conflict, that average was just under $3. But it\u2019s also been higher in recent years: the average reached $5.01 in June 2022 due to a supply disruption from Russia\u2019s invasion of Ukraine and increased demand.<\/p>\n<p>While the current ceasefire with Iran is not a plan for lasting peace, \u201cthe market is anticipating that the ceasefire is at least a start to get more oil to market,\u201d Lipow said.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 id=\"read-more-cnbc-personal-finance-coverage\" class=\"RelatedContent-header\">Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Ship transits through the Strait of Hormuz dropped to just six per day in March from about 130 pre-war, according to the <a href=\"https:\/\/unctad.org\/news\/hormuz-disruption-deepens-global-economic-strain-across-trade-prices-and-finance\" target=\"_blank\">United Nations Conference on Trade and Development<\/a>. Since the ceasefire on Tuesday, there has only been <a href=\"https:\/\/www.cnbc.com\/2026\/04\/08\/trump-iran-ceasefire-strait-of-hormuz-toll.html\">a continued slow trickle<\/a> of traffic through the strait.<\/p>\n<p>If the strait remains open long-term, \u201cit would likely take oil several weeks to fall more substantially as supply will take time to sort out, which could mean it could take a couple months for gas prices to get back down to normal levels,\u201d said Patrick De Haan, head of petroleum analysis for GasBuddy.<\/p>\n<p>And, it could take longer, Lipow said. \u201cThe oil market isn\u2019t going to return to pre-conflict levels because they\u2019re going to price in higher geopolitical risk in the Middle East,\u201d he said. \u201cIf Iran was able to shut down the Strait of Hormuz once, they could do it again.\u201d<\/p>\n<h3 id=\"summer-can-pressure-prices\" class=\"ArticleBody-smallSubtitle\">Summer can pressure prices<\/h3>\n<p>At the same time, a couple of seasonal trends are also increasingly putting pressure on prices. Gas stations have generally started their yearly shift to summer-blend gasoline, which is more expensive to make and arrives just as demand is increasing due to spring and summer travel, De Haan said.<\/p>\n<p>\u201cThe EPA requires a lower-volatility blend in warm months to reduce emissions, which is more complex and expensive for refiners to make,\u201d De Haan said.<\/p>\n<p>Additionally, refineries are often wrapping up their seasonal maintenance, he said, which can temporarily limit supply.<\/p>\n<p>In other words, the combination of continued uncertainty in the Persian Gulf region and normal increased demand translates to a likely slow easing of gas prices. <\/p>\n<p>And if the ceasefire doesn\u2019t hold or lead to a peace agreement and the U.S. continues its war with Iran, \u201cyou\u2019re going to see prices spike, again,\u201d Lipow said.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/08\/gas-prices-should-soon-start-easing-if-ceasefire-holds-analysts-say.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Laura Olivas | Moment | Getty Images Some relief at the gas pump may be on its way,&hellip;\n","protected":false},"author":3,"featured_media":42861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-42860","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42860"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42861"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}