{"id":27405,"date":"2026-04-09T09:36:56","date_gmt":"2026-04-09T09:36:56","guid":{"rendered":"https:\/\/finderica.com\/?p=27405"},"modified":"2026-04-09T09:36:56","modified_gmt":"2026-04-09T09:36:56","slug":"gas-prices-should-soon-start-easing-if-ceasefire-holds-analysts-say","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=27405","title":{"rendered":"Gas prices should soon start easing if ceasefire holds, analysts say"},"content":{"rendered":"<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\"><\/span><\/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 two-week ceasefire that could allow oil tankers to pass through the Strait of Hormuz, gas prices may start slowly coming down, analysts say. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">U.S. West Texas Intermediate<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\"><\/span><\/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\">Brent<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\"><\/span><\/button><\/span><\/span><\/span> crude futures tumbled to about $95 from $109 on Tuesday.<\/p>\n<p>&#8220;I 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,&#8221; 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><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>&#8220;Of course, that&#8217;s all predicated on the ceasefire holding and we&#8217;re not back at war with Iran in two weeks&#8217; time,&#8221; Lipow said.<\/p>\n<h3 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&#8217;s also been higher in recent years: the average reached $5.01 in June 2022 due to a supply disruption from Russia&#8217;s invasion of Ukraine and increased demand.<\/p>\n<p>While the current ceasefire with Iran is not a plan for lasting peace, &#8220;the market is anticipating that the ceasefire is at least a start to get more oil to market,&#8221; 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 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\" rel=\"noopener\">United Nations Conference on Trade and Development<\/a>. Since the ceasefire on Tuesday, there has only been a continued slow trickle of traffic through the strait.<\/p>\n<p>If the strait remains open long-term, &#8220;it 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,&#8221; said Patrick De Haan, head of petroleum analysis for GasBuddy.<\/p>\n<p>And, it could take longer, Lipow said. &#8220;The oil market isn&#8217;t going to return to pre-conflict levels because they&#8217;re going to price in higher geopolitical risk in the Middle East,&#8221; he said. &#8220;If Iran was able to shut down the Strait of Hormuz once, they could do it again.&#8221;<\/p>\n<h3 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>&#8220;The EPA requires a lower-volatility blend in warm months to reduce emissions, which is more complex and expensive for refiners to make,&#8221; 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&#8217;t hold or lead to a peace agreement and the U.S. continues its war with Iran, &#8220;you&#8217;re going to see prices spike, again,&#8221; Lipow said.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/04\/08\/gas-prices-should-soon-start-easing-if-ceasefire-holds-analysts-say.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Laura Olivas | Moment | Getty Images Some relief at the gas pump may be on its way, at least for now. With oil prices plunging Wednesday after the U.S. and Iran agreed to a two-week ceasefire that could allow oil tankers to pass through the Strait of Hormuz, gas prices may start slowly coming<\/p>\n","protected":false},"author":1,"featured_media":27406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[1632,10108,3882,1680,2517,124,410],"class_list":{"0":"post-27405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-analysts","9":"tag-ceasefire","10":"tag-easing","11":"tag-gas","12":"tag-holds","13":"tag-prices","14":"tag-start"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/27405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27405"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/27405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/27406"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}