Patrick DeHaan

And who knows, if Americans don't slow down at $5, we could see $6 by Labor Day.

All of it, though, is very much contingent on something absolutely unpredictable if and when the Strait of Hormuz opens and we start to see ships going back through it again.

SpaceX's upgraded Starship successfully deployed mock satellites and returned to Earth largely unscathed, though its booster spun out of control and broke apart over the Gulf of Mexico.

The gigantic rocket's 12th major test flight was a successful, if slightly rough and incomplete, debut of the vehicle, which is critical to Elon Musk's efforts to scale his rocket business into an artificial intelligence and satellite communications empire.

Global inventories are declining, and that means that the longer the Strait of Hormuz continues to be closed, we could see an elevated risk of the national average reaching the $5 gallon mark, something we've only seen for less than a week back in 2022.

It's a change with potentially far-reaching ramifications for legal immigration amid President Trump's sweeping crackdown.

The details of how the new system will play out remained unclear.

But requiring people to travel abroad to a U.S.

consulate could leave many stranded for weeks, months, or even years in backlogged appointment systems.

For immigrants who came into the U.S.

illegally, including those who entered without authorization and later married U.S.

citizens, leaving the country to apply for permanent residency could carry even greater dangers.

Once their history is reviewed, they could be barred from returning to the U.S.

Ed Kolegi, Bloomberg Radio.

New York Republican Nicole Malliotakis served as vice chair of the group that prides itself on working across the aisle, but her office confirms she quit the caucus after Democrats and a handful of conservative Republicans tanked her long-running effort to build a women's museum on the National Mall.

Democrats pulled their support over GOP language allowing only biological women to be represented.

Malliotakis says there was no reason for Democrats to object to that one word.

In Washington, I'm Nathan Hager, Bloomberg Radio.

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