Now Sen. Ruben Gallego D-AZ Speaks on Gas Price
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“SEN. RUBEN GALLEGO D-AZ SPEAKS ON GAS PRICES CALLS FOR END TO IRAN WA”
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Sen. Gallego fought in the 2004 Battle of Fallujah as a Marine.
One of the Iraq War's bloodiest urban battles, Fallujah shaped Gallego's views on service and working families. He won Arizona's U.S. Senate seat in 2024, defeating independent Kyrsten Sinema's open seat bid.
Gas prices rise fast but fall slowly — economists call it 'Rockets & Feathers'
Studies show retail gas prices rise within days of crude oil spikes but take weeks or months to fall after oil drops. Economist Robert Bacon first documented this asymmetry in 1991, and U.S. pump price data has confirmed it repeatedly since.
Iran's oil exports fell ~80% after 2018 U.S. sanctions were reimposed.
When the U.S. reimposed sanctions in 2018, Iran's exports dropped from ~2.5M to under 500K barrels/day — tightening global supply and pushing U.S. gas prices higher in the months that followed.
Topic poll · all networksWhat's the best policy move to bring U.S. gas prices down?
Topic poll · all networksWho bears most responsibility for high US gas prices?
