US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point
Across the US, the average cost of a gallon of regular gasoline has jumped nearly 27 cents in a week, to $3.25, and American consumers are bracing for higher prices at the gas pump as the US-Israel conflict with Iran threatens to disrupt the global oil supply.
That fear has entered the White House too, where Donald Trump’s chief of staff, Susie Wiles, is reportedly hunting for ideas to lower gasoline prices and officials are getting “screamed at” to bring good news, according to Politico.
War in oil-rich countries used to cause panic at US gas stations. Those fears have subsided somewhat as the US has become the world’s largest crude oil producer. And, despite this week’s price hikes, American consumers are somewhat insulated from the global energy shock. The supply cushion has its limits, but those limits are high: US producers can ramp up production quickly if high oil prices are sustained, and the White House is under immense pressure to keep prices low as the conflict continues.
Good, the US needs to hit Europe prices to start appreciating how easy and insulated they are from the rest of the world. I genuinely hope our whole country grinds to a goddamn halt and people start gathering outside the white house with empty gas cans.
I mean, I would rather see people gathering outside the white house with FULL gas cans, but in this economy?
People who live places where gas prices aren’t subsidized ride scooters, they don’t drive brodozers…
Do you have any fucking clue how much a flag hurts fuel mileage on a vehicle??
The Coal Rollers are going to have to start using alternatives like graphite pigment dust, maybe play loud recordings of engine noises as their electric motor whirs away quietly under the hood.