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Gas could soon hit $5 a gallon if Strait of Hormuz remains shut, JPMorgan analysis finds

A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.

Published April 7, 2026, 10:36 PM
Updated April 7, 2026, 10:52 PM333
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Gas could soon hit $5 a gallon if Strait of Hormuz remains shut, JPMorgan analysis finds

A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.

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