This post is part of a series chronicling news coverage of rising gas prices in the United States. See more here.
Fox 26 Houston fact checks Trump’s claim that gas prices will go down as soon as the Iran war ends
GasBuddy's Patrick de Haan: “Gas prices are not going to quickly go down to the prewar levels. In fact, I estimate it may take a year to see gas prices return to the prewar level.”
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From the May 1, 2026, edition of Fox 26 Houston's Houston's Morning Show
DALAUN DILLARD (ANCHOR): You hear the president there making a bold claim that gas prices will dramatically drop once the war in Iran ends. Let's bring in head of petroleum analysis with GasBuddy, Patrick De Haan. Patrick, gas prices have already been spiking. Is there really a potential that whenever this war ends, whenever that time comes, that gas prices will immediately go down?
PATRICK DE HAAN (GUEST): Well, probably within a couple of days. Again, depending on the degree of what happens with the Strait of Hormuz, and depending on if it's verifiable. Will ships start transiting through, or will it be another situation where Iran and the U.S. are saying it's open, but nobody's really going through it? Having said that, even if it does fully reopen, gas prices are not going to quickly go down to the prewar levels. In fact, I estimate it may take a year to see gas prices return to the prewar level. So, there will be an initial decline. We've already seen that. A couple weeks ago when the U.S. and Iran said the strait was open, oil prices fell 15% in one day, but it will take much longer to get fully back down to prewar levels.