Expect $4 Gas Sooner Rather Than Later, Morse Says

Bloomberg Published Updated Economy
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Affected assets and topics

$OIL

Why it matters

Edward Morse predicts US gas prices to reach $4 a gallon soon, driven by potential attacks on ships in the Strait of Hormuz and a 50% increase in oil prices.

Expected market reaction

Bearish Confidence 80% How confidence is read Horizon: Short term Impact: High

Market impact analysis based on bearish sentiment with 80% confidence.

Evidence trail

Evidence
Source Bloomberg
Claim Expect $4 Gas Sooner Rather Than Later, Morse Says
Affected assets OIL
AI inference Bearish · 80%
Generated 2026-03-09 14:16

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
55325
Timeframe
6h

Prediction lifecycle

  • Llama 3.1 8B Instant (Groq) OIL Bearish 80% 6h
    Generated 6h Excluded

    Expired: not evaluated within 7 days of its 6h timeframe elapsing

Logged at publication, scored automatically once the window closes — never edited.

Original source

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)

Read the full article on Bloomberg

Original article published by Bloomberg on March 9, 2026. Analysis and insights provided by AnalystMarkets AI.

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