Live Updates > Live Update Details
2026-04-09 15:15:28
[Gasoline and Airfare Prices Unlikely to Fall Quickly After Ceasefire, Experts Say It Will Take Weeks or Even Longer] 1. US gasoline prices are expected to decline slowly, but not rapidly. The ceasefire news triggered a sharp drop in oil prices on Wednesday, but the price decline typically takes three to five days to reach the retail level, and the retail price drop is even slower. GasBuddy predicts that oil prices may fall by 1-3 cents every few days until the end of the week, but any new escalation of the situation could reverse the decline. 2. Raymond James analysts estimate that Wednesday's sharp drop in oil prices alone should have reduced the national retail price of gasoline by about 45 cents, from the current $4.16 to around $3.70, but this reduction will take at least two weeks to fully reflect at gas stations. Whether oil prices can fall further afterward depends on the speed of recovery of Persian Gulf exports. 3. Airfare prices will fall even more slowly. Aviation fuel prices have nearly doubled since the start of the war, with Delta Air Lines CEO calling the increase "unprecedented." JD Power's travel business manager stated that prices are stubborn, and airline pricing doesn't react as quickly as gas stations; it's too early to judge whether a ceasefire will affect summer airfares. 4. Even if the Strait of Hormuz fully reopens, a full restoration of shipping lanes and maritime traffic will take at least several weeks, and likely more than a month. Diesel and jet fuel prices will remain high "for some time." Furthermore, gasoline costs are higher during seasonal peaks and summer-blended gasoline, and experts predict that gasoline prices will be unlikely to return to pre-war levels of $2.98 per gallon this year.
