Bibliography¶

• https://www.cnn.com/2026/05/04/business/trump-iran-strait-hormuz-oil-gas

• https://www.cnn.com/2026/05/04/business/trump-iran-strait-hormuz-oil-gas"

US Gas Prices Could Hit $5/Gallon if Hormuz Remains Closed — Andy Lipow¶

Analyst: Andy Lipow, President, Lipow Oil Associates
Sources: CNN Business (May 4–5, 2026); Yahoo Finance; KTVZ; KAKE

Key Claims¶

The $5/Gallon Warning¶

"If the Strait remains closed another month, we will be at $5.00 per gallon." — Andy Lipow, May 4–5, 2026

This statement came as oil prices hit their highest level of 2026 on the first day of Trump's "Project Freedom" plan to unblock the Strait of Hormuz.

Price Sensitivity Formula¶

Lipow's analysis implies approximately $0.30/gal sensitivity per $10/bbl Brent move. With Brent having surged from ~$80 to ~$110+, the $5/gal scenario is consistent with current price levels.

Context¶

The $5/gal figure is not a floor — it represents what US retail gasoline prices would reach if the current Brent price environment ($110+ WTI equivalent) persists and the Hormuz situation is not resolved within 30 days. It is a conditional forward statement, not a current reading.

Source¶

Andy Lipow, President, Lipow Oil Associates. Via CNN Business reporting, May 4–5, 2026. https://www.cnn.com/2026/05/04/business/trump-iran-strait-hormuz-oil-gas