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Expect $4 Gas Sooner Rather Than Later, Morse Says

Edward Morse, special advisor at Hartree Partners, says consumers should expect to see gas prices in the US top $4 a gallon soon. He also expects ships in the Strait of Hormuz to keep being attacked. In a note he says oil prices could climb another 50%. (Source: Bloomberg)

Mar 09, 2026 &03160909202631; 14:16 UTC feeds.bloomberg.com Trending 3/5

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Negative for markets

Sentiment score: -65/100

High impact Short-term (days)

WHAT THIS MEANS

Oil market analyst Edward Morse predicts US gasoline prices will exceed $4 per gallon soon, with potential for oil prices to rise another 50% due to ongoing geopolitical tensions in the Strait of Hormuz affecting shipping. This forecast signals significant upward pressure on energy commodities and inflation expectations.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Crude oil expected to rise 50% due to Strait of Hormuz shipping disruptions and geopolitical tensions

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Gold Futures

GC=FCommodity

Expected to rise

Safe-haven demand from geopolitical risk premium and inflation concerns

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Euro / US Dollar

EURUSDCurrency

High volatility expected

Higher oil prices increase inflation expectations, affecting ECB policy divergence with Fed

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S&P 500

^GSPCIndex

Expected to decline

Rising energy costs and inflation concerns pressure equity valuations and consumer spending

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10-Year Treasury Yield

^TNXBond

Expected to rise

Inflation expectations from higher oil prices support higher bond yields

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long crude oil (CL=F) and energy sector plays; consider defensive positioning in equities. Monitor Strait of Hormuz developments closely as catalyst for 50% oil rally. Hedge inflation exposure through commodities and TIPS.

KEY SIGNALS

Geopolitical risk premium in oil marketsStrait of Hormuz shipping disruptions escalatingInflation pressure from energy costsConsumer purchasing power erosionPotential stagflation scenario

SECTORS INVOLVED

EnergyTransportationConsumer DiscretionaryUtilities

Analysis generated on Mar 09, 2026 at 14:26 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Bloomberg Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Expect $4 Gas Sooner Rather Than Later, Morse Says

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