It’s Not Just The Closure Of The Strait That Was Foreseeable

Chris Sununu downplays rising airfare prices: "If things go on and all of that, you'll probably see a 10% increase in prices, but that's all on top of the fact that before the war, the average prices of a domestic airline tickets hadn't budged in 6 or 7 years" pic.twitter.com/fYeL1ticgW

— Aaron Rupar (@atrupar) May 2, 2026

Dumbass who has no idea what he’s talking about.

Spirit danced with bankruptcy & was plagued by management issues for quite some time. Then - this unprofitable organization- with almost no cushion got hit with soaring jet fuel costs.
That is the story. https://t.co/ulKck4w58S

— Stephanie Ruhle (@SRuhle) May 2, 2026

True, but nobody (except former Spirit employees and investors) cares, nor are likely to. Because:

At the earliest, you're not getting regular flow through the Strait of Hormuz until September, so my calculation is that, on the trajectory we're at right now, we should be expecting $4.90 gas by the end of next week,” Treyz said. “We are on track to get to $5 or even above by Memorial Day.”

Treyz went on to warn that even in a best-case scenario where the United States and Iran manage to negotiate an end to the conflict and fully re-open the Strait of Hormuz – a critical shipping waterway through which 20% of the world’s oil trade flows – the impact of the war would almost certainly be felt by Americans and their pocketbooks far beyond September.

“Even if you take out the 300% increase in insurance costs [for oil tankers] and you clear the backlog of ships, you have to deal with the reality that 80 of the largest refiners and energy producers on the earth have been bombed, including the world's largest [liquefied natural gas] facility,” Treyz said.

“So it's going to be not just that long to get the strait cleared, but years until those facilities are back up and running and we're near anything with a $2 in front of it for gas.”

Visibly taken aback, Witt asked Treyz to clarify her statement.

“So you're saying how long until we get something with a $2 in front of it per gallon of gas? You're saying years?” Witt asked.

“I'm saying years,” Treyz responded. “It's gonna be years.”

Trump did that. And there’s not a damned thing he can do about it. He bought the ticket. We have to ride the ride.