All In with Chris Hayes ‘Simply wrong’: GOP lawmakers caught lying about gas prices
23 snips
May 1, 2026 
Mark Elias, voting-rights litigator who fights gerrymanders. Senator Tim Kaine, U.S. Senator focused on war powers and national security. Patrick DeHaan, GasBuddy petroleum analyst who tracks fuel markets. They debunk Republican claims about falling gas prices. They explain recent price volatility, export and supply pressures, and how policy and geopolitics could push averages higher.
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Hormuz Blockade And Seasonal Switches Drive Volatility
- Short-term gasoline volatility has spiked due to Strait of Hormuz disruptions and seasonal refinery changeovers, producing unprecedented hourly jumps in some regions.
- Patrick de Haan cites oil at ~$108/barrel, a billion barrels withheld from normal Hormuz flows, and Great Lakes states seeing >$1/gallon rises in 24 hours.
U.S. Exports Can Raise Domestic Pump Prices
- U.S. net exports help oil companies but can worsen domestic pump prices because refined products are leaving the country.
- De Haan notes the EIA reported ~99.2 million barrels exported in seven days, benefiting refiners while reducing local consumer supply.
Prices Could Hit Near $5 If Blockade Persists
- Continued blockade of the Strait of Hormuz could push national averages toward $5/gallon within weeks and risk new all-time records by July 4.
- De Haan warns demand hasn't dropped—gasoline consumption rose to 9.1 million barrels—so prices have room to climb before demand destruction occurs.