safety
Experts say gas prices will remain sticky, especially if Iran conflict flares up again
By Simon Kaufman at WXYZ Channel 7 (ABC Detroit) - News
· June 27, 2026
· 2 min read
In the 10 days since the U.S. signed a memorandum of understanding with Iran to reopen the Strait of Hormuz, there's been some relief at the pump.The national average for a gallon of gas now sits at $3.90.That drop comes as the price of Brent crude oil has fallen significantly since the ceasefire...
Key takeaway It's not a light switch, it's not going to happen overnight, said gGasBuddy's Patrick De Haan.
Why this matters in The Detroit
For Detroiters, the sticky gas prices mean continued strain on household budgets, particularly for those who rely on their vehicles for daily commutes or small business operations. The city's residents, who have been coping with the economic fallout of the conflict, can expect to see some relief at the pump, but it will be gradual. As the situation in the Strait of Hormuz remains volatile, with recent attacks and retaliations, the potential for price spikes is ever-present. This uncertainty will likely impact local businesses, especially those in the transportation and logistics sectors, which are critical to the city's economy. As the national average gas price sits at $3.90, Detroiters will be watching closely to see how the conflict unfolds and how it will affect their wallets. The city's economic recovery, still fragile in some areas, will depend on the stability of the global oil market and the safety of the Strait of Hormuz.
About this story
Original reporting by WXYZ Channel 7 (ABC Detroit) - News . The Detroit surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WXYZ Channel 7 (ABC Detroit) - News . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 27, 2026 ·
Source: WXYZ Channel 7 (ABC Detroit) - News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? In the 10 days since the U.S. signed a memorandum of understanding with Iran to reopen the Strait of Hormuz, there's been some relief at the pump.The national average for a gallon of gas now sits at $3.90.That drop comes as the price of Brent crude oil has fallen significantly since the ceasefire...
When was this published? This article was first published on June 27, 2026 by WXYZ Channel 7 (ABC Detroit) - News and curated for The Detroit readers.
Who reported this story? This story was reported by Simon Kaufman at WXYZ Channel 7 (ABC Detroit) - News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Detroit, or browse our daily briefing and topic hubs .
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