Traffic through the Strait of Hormuz, a narrow waterway between the Persian Gulf and the Gulf of Oman, has returned to its pre-war levels in the autumn of 2026. This strategic passage is one of the world's most crucial oil shipping routes, with a significant portion of the globe's seaborne crude oil passing through it each day. The resumption of normal traffic suggests that the region has stabilized following a period of conflict or disruption. Despite this development, the price of gasoline at filling stations has remained largely unchanged. This phenomenon is often explained by the so-called "rocket and feather" effect, which describes how oil prices tend to rise quickly—like a rocket—but fall slowly—like a feather. This imbalance is typically attributed to the complex interplay of global markets, supply chain logistics, and consumer behavior. The "rocket and feather" effect is a well-documented economic concept that highlights the asymmetry in how oil prices respond to changes in supply and demand. When there is a disruption in oil supply, such as during a conflict or geopolitical crisis, prices can surge rapidly due to fears of shortages. However, when supply is restored, the decrease in prices tends to be more gradual, as market participants are often cautious and slow to adjust their expectations and behaviors. Experts suggest that the current stability in fuel prices, despite the return of normal traffic through the Strait of Hormuz, reflects the lingering effects of past disruptions and the ongoing influence of global economic factors. These include the continued demand from major economies, the role of alternative energy sources, and the strategic decisions of oil-producing nations. As the situation evolves, the impact on fuel prices will likely remain a topic of close monitoring by economists and policymakers alike.