Once the Strait of Hormuz opens, then oil prices in the spot market, the futures market, is going to come tumbling down. When those prices come down, I mean, we're talking $70 a barrel, could be in the mid-60s. When that happens, you'll see gasoline prices about one to two weeks after reset back to $3 a gallon. It could even get a little bit cheaper in the short term because so much oil has been held back from being out on the global stage, on the world market. (05:00–05:08)
CLAIM
Asserts that gasoline prices will decrease to about $3 a gallon one to two weeks after oil prices drop.
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