MARQUETTE, Mich. (WLUC) – Gas prices have a chance of dropping by the end of this week, but it all depends on whether the Strait of Hormuz opens or closes.
GasBuddy Head of Petroleum Analysis Patrick DeHaan says gas prices could decrease by cents at a time. However, with the conflict in Iran, this is subject to change. DeHaan says over 20 million barrels of oil flow through the Strait of Hormuz daily.
DeHaan says if the conflict continues, you could be looking at record-breaking prices.
“The longer this goes, the more impactful it’s going to be, and certainly, you know, there’s the potential that if it does continue into the summer, we’d likely be setting new all-time records for gas prices,” DeHaan said. “And some areas of the country may be seeing supply disruptions.”
Currently, gas prices are lower here in the U.P. compared to the Lower Peninsula.
The video above will feature the TV6 livestream until staff can clip the corresponding story, if available, from broadcasts or other TV6 content. You can subscribe to our YouTube page or download TV6+ to stream the latest local news and weather.
Copyright 2026 WLUC. All rights reserved.