Economist Henrietta Treyz predicts years of high US gas prices

6 articles · Updated · HuffPost · May 4

She said prices could hit $4.90 a gallon by next week and $5 by Memorial Day, with normal tanker flows through the Strait of Hormuz not returning until September.
Treyz said a 300% jump in tanker insurance costs and damage to 80 major refiners and energy producers would keep fuel markets strained even if the conflict ended immediately.
Her forecast points to prolonged pain for US drivers entering the summer driving season, with gas unlikely to return to levels starting with $2 per gallon for years.

Beyond the pump, how will the Hormuz crisis impact global food prices and the cost of everyday goods?

With 80 energy facilities destroyed, is the era of cheap Middle Eastern oil permanently over?

Can military escorts reopen the Strait of Hormuz, or will they escalate the conflict?