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Palm Beach Gardens Today
By the People, for the People
Experts Warn High Gas Prices May Persist Despite Iran Situation
FAU professor says 'oil is the onion of the global economy' as worldwide impacts linger
Apr. 19, 2026 at 2:56am
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As the global oil market remains volatile, consumers face an uncertain future for gas prices.Palm Beach Gardens TodayA supply chain expert from Florida Atlantic University warns that high gas prices may continue to impact consumers, even as the situation with Iran's oil production improves. The professor explains that the global oil market is highly complex, with many factors influencing prices beyond just the situation in any single country.
Why it matters
Gas prices have been a major concern for consumers, with prices reaching record highs in many areas. Understanding the broader global dynamics that influence oil supply and demand is crucial for predicting how long high prices may last, even as specific geopolitical tensions ease.
The details
The FAU professor states that 'oil is the onion of the global economy' - meaning there are many layers of factors that impact prices, from production and refining to transportation and distribution. While the situation with Iran's oil exports may improve, other global factors like the war in Ukraine, OPEC production levels, and the ongoing recovery from the pandemic could keep prices elevated for some time.
- The article was published on April 19, 2026.
The players
FAU Professor
A supply chain expert from Florida Atlantic University who provided analysis on the global oil market and factors impacting gas prices.
What they’re saying
“Oil is the onion of the global economy - there are so many layers to it.”
— FAU Professor, Supply Chain Expert
The takeaway
This analysis highlights the complex, interconnected nature of the global oil market, and why high gas prices may persist even as specific geopolitical tensions ease. Consumers should brace for continued pain at the pump as broader economic factors take time to stabilize.
