Why $3 gas won't come back anytime soon, even with a ceasefire in Iran

[Mahmoud Ahmadinejad]

Oil futures went through the roof as soon as the "chicago pit" opened. WTI is at $114+

It has just begun.

Oil prices surge after Trump says U.S. will blockade the Strait of Hormuz​

Oil prices surge after Trump says U.S. will blockade the Strait of Hormuz

"Soon you'll be nostalgic for $4-$5 gas," the speaker of Iran's parliament said Sunday.

www.nbcnews.com