Geopolitics Alpha

U.S. gas prices drop following state tax cuts, but $100 oil and Strait of Hormuz strikes limit broader relief

Published . Updated .

U.S. gas prices drop following state tax cuts, but $100 oil and Strait of Hormuz strikes limit broader relief NottinghamMD.com

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
LMT———————
RTX———————
XOM———————
DAL———————

U.S. gas prices drop following state tax cuts, but $100 oil and Strait of Hormuz strikes limit broader relief NottinghamMD.com

Source: NottinghamMD.com

Strait of Hormuz on the map for this story

Strait of Hormuz has 198 linked stories in the last 7 days and 198 in the last 30 on the page that also carries “U.S. gas prices drop following state tax cuts, but $100 oil and Strait of Hormuz strikes limit broader relief.” The recent pace is rising.

How solid the energy case looks

12 out of 100

“U.S. gas prices drop following state tax cuts, but $100 oil and Strait of Hormuz strikes limit broader relief” scores 12 out of 100. The score uses 1 sources.