Strait of Hormuz – California Globe

US Gas Prices Drop Below $4 After Iran MOU Signing, Except in California

June 18, 2026 11:12 amJune 18, 2026 11:19 am

Gas prices have dropped below $4.00 per gallon according to AAA across America after President Donald Trump signed the MOU with Iran. As the announcement was being made, oil prices fell sharply almost immediately. But California’s gas prices remain high –...

National Economic Council Director Kevin Hassett Reminds Us Strong Economic Fundamentals Trump Negative Media Hype

May 26, 2026 11:21 amMay 26, 2026 11:57 am

White House National Economic Council Director Kevin Hassett was on Fox Business today and said he is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate. Speaking with...

California Gasoline Supply Outlook: A Disaster in the Making

April 15, 2026 8:00 amApril 15, 2026 8:02 am

by Michael Mische, James Rector and Joseph Silvi California’s gasoline market is entering a period of acute supply shortages directly attributable to prior refinery closures, and the long-term systemic decline in in-state crude oil production which have been further exacerbated...

California Blow-Up: How Sacramento Built an Energy Crisis and Called It a Climate Policy

March 25, 2026 9:00 amMarch 25, 2026 9:01 am

Soon after the launch of U.S.-Israeli military operations against Iran, the Iranian Revolutionary Guard closed the Strait of Hormuz, shutting down the flow of nearly a third of all seaborne crude on Earth. The U.S. military, aided by its allies,...

Greenberg: A Novice Congressional Candidate Blows it on Energy Politics

March 25, 2026 7:16 amMarch 25, 2026 7:16 am

The Strait of Hormuz, the narrow waterway separating Iran from Oman and the United Arab Emirates, is a critical global chokepoint. Roughly 25% of the world’s seaborne oil trade, about 20 million barrels per day, normally passes through it. Today...

Southwest Braces for Gas Price Hike as California Refinery Closures And Iran Conflict Tighten Supply

March 4, 2026 12:47 pmMarch 4, 2026 12:52 pm

Drivers across the Southwest could face higher fuel prices in the coming weeks as refinery closures in California and escalating tensions in the Middle East tighten fuel supplies and increase volatility in the crude oil market. Energy analysts and fuel...