The Hormuz deal won't cut gas prices overnight. Upside has the data to show why.

Oil dropped 4%+ on the US-Iran agreement, but drivers waiting for immediate pump relief are likely to be disappointed. Upside knows this because we watched it happen in real time in Georgia and Indiana.

Upside tracks transaction-level data from 23,000+ fuel stations. When Georgia waived its 33.3¢/gallon gas tax in March, only 27.3¢ actually passed through to prices — and it took more than a month. Indiana's combined 59.3¢ holiday yielded a similar 28.2¢ drop. The Strait still needs demining. Supply chains need to normalize. The pattern holds.

Our Principal Research Economist, Dr. Thomas Weinandy, published this analysis this week and can speak directly to what the data signals about the timeline and magnitude of relief. Happy to connect you.