Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Donald Trump’s decision to attack Iran, analysts said.
Tehran’s retaliation in response to U.S. and Israeli strikes has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, a key global trade route. Oil prices have surged, with Brent crude rising more than 5% to nearly $77 per barrel, and fuel prices moving up in tandem with the feedstock costs.
Where’s all those “I did that” stickers?
I still have some trump ones in a drawer somewhere. Pissed off half the damn town last time I broke them out. Though they never knew who did it!
Weird that affordability has never been worse (in my lifetime), inflation is not under control for actual necessities (like groceries), and yet there’s not Trump “I did that” stickers all over the place. Wonder why those people who put out all those Biden “I did that” stickers, practically everywhere, don’t care now. What happened to them? Hmmmm, guess the world will never know.
They have unparalleled cognitive dissonance skills
Oh, bohoo. Those American gas guzzler riders would probably have a nervous breakdown at a European fuel station.
Keep in mind that in some countries, fuel is 3 dollars per litre.
What’s always funny is that pipeline interruptions don’t really affect supply for many weeks. This is just panic pricing.
And as always, prices go up instantly but takes months to drop back down.
I was talking to the owner of an independent petrol station the other day who’s petrol is usually a good 30% cheaper then the big chains.
I straight out asked him how he was able to consistently out compete them like this. He laughed and said it was because he wasn’t greedy. He explained it was straight up greed at the retail level. Especially jacking the price up whenever the news said that oil prices had gone up.
This is one of Iran’s main goals, IMO. They need to get the US to back down through domestic and diplomatic pressure. This war is already unpopular, but gas prices increasing will affect people who otherwise don’t give a shit about the morality of the situation, which is unfortunately quite a lot of US Americans. Hitting the wallet of the MAGA voter is fundamental.
I watched some local news yesterday where they covered the various explosions across the Middle East. They discussed the activity, the damage, the losses of life… then they pivoted to a local news reflection on what this all would mean for us at the gas pumps. “Gas prices expected to rise” as the chief takeaway for us to ponder how it affects us, immediately after discussions of hundreds of human beings being literally exploded. Makes me sick.
That’s $1.08/L CAD. Think about that Canadians. They are complaining because their gas went up to $1.08/L 😆😅. Fuckers have no idea how good they have it. And kinda puts a spotlight on how things are here in Canada…4th largest oil producer in the world 🙄
Yeah, but you guys pay more because it includes taxes which go towards things like health care. We pay way more when you take into account what we don’t get.
You might pay more, which I doubt, but at least you have a functioning healthcare system. We pay crazy level taxes for “free” healthcare where people constantly die waiting in emergency rooms 🙄. They say Canada is a “rich” country. They are wrong. The Canadian government is rich from soaking Canadians dry with taxes upon taxes!!
Really hoping it gets up to $10 a gallon. Fuck all the SUV owners and the AI companies.
Uh, do you realize that with costs like that EVERYTHING will get more expensive? Every single good you buy anywhere has fuel costs baked into their price.
Yup. But its not a flat increase, some things travel further others more efficiently. Like where I live it might affect banana costs more than apple costs.
It disproportionately impacts lower cost goods. If it costs an extra 10 cents to ship a banana, that’s like a 20% increase in banana cost vs a 0.01% increase to ship an iphone the same distance. So another tax on the poor.
