Gas Prices to Surge Despite Venezuela Deal | Monroe Louisiana News

Monroe Louisiana News Today | 2 Min News | The Daily News Now! · Sep 4, 2026 · 1m

The U.S. just inked a deal with Venezuela for more oil access — but don’t expect cheaper gas anytime soon. Economics professor Patrick Scott warns prices could surge back over $4 a gallon and stay high for at least six months, driving up grocery bills too. While Louisiana refineries may benefit from Venezuela’s crude, most Americans face tough choices: cut back on essentials to afford the fuel needed to get to work. Even if tensions with Iran ease, the Strait of Hormuz remains a volatile wildcard, keeping prices elevated across the board. For now, consumers brace for more expensive pumps and…