In Reply to: Re: It's a 60 day pause apparently posted by confused442 on May 24, 2026 at 10:13:15
Blanking on his name but there's this Aussie economist who's on shows quite often. I saw him today sort of outline what he thought would happen.
First week after deal happens and Strait opens gas drops 25 to 50 cents a gallon immediately. 25 more likely than 50 of course.
2-3 months to stabilize the logistics and markets, get all the ships where they need to be etc.
Overal 6-24 months to fix everything back to pre war levels. he emphasized we don't actually know how much damage has been done to the oil infrastructure they aren't telling us the truth about that. So we don't know how long that will take until we know how much damage was actually done.
Scott Galloway was also talking about how the Saudis being pissed at Trump is a huge deal in the reopening, because it's going to take lots of money to fund all the repairs and rebuild of damaged oil infrastructure and they may be far less willing to do that now that Trump pissed them off.
But yeah gas won't go back to pre war right away.
if it's 50 cents for me that means instead of 6.09 I'm paying 5.59. That's about 5 dollars less per fillup .
Also he Aussie guy said understand gas coming down doesn't mean other prices will as fast, grocery stores won't make the same immediate cut that gas will they won't cut until people force them to by not buying