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Economist Justin Wolfers, on Monday, highlighted growing concerns over prolonged high gasoline prices amid ongoing tensions in the Strait of Hormuz.
Hormuz Disruption To Fuel Long-Term Gas Prices
Wolfer, in a post on X, said “Strait of Hormuz uncertainty isn’t just pushing up today’s gas prices — it’s lifting futures through 2027 and beyond.” Wolfers said that Energy Secretary Chris Wright’s optimism may already be “outdated.”
The economist posted, “Until we get resolution, expensive gas isn’t going anywhere soon.”
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