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Iran situation and gas prices
Posted on 3/6/26 at 11:27 am
Posted on 3/6/26 at 11:27 am
Don’t pay attention to alot politically, but kind of hard not to with this.
I’m assuming we will see gas prices rise?
I know no one really knows…. It what’s the outlook?
How long? How high?
I’m assuming we will see gas prices rise?
I know no one really knows…. It what’s the outlook?
How long? How high?
Posted on 3/6/26 at 11:29 am to xBirdx
saw a headline this morning talking about oil prices up and to expect it to double in the coming weeks, but I shook that off as anti-Trump doom/gloom talk
This post was edited on 3/6/26 at 11:31 am
Posted on 3/6/26 at 11:30 am to xBirdx
It will be a temporary bump - the USA makes more oil than the Middle East at the moment. The while house said they are rolling out a plan to keep gas prices low - as a Tesla owner it nice to not have to worry about gas prices.
Posted on 3/6/26 at 11:30 am to xBirdx
I’m hearing 150 a barrel maybe higher if the strait of Hormuz isn’t opened within 2 weeks
Expect 4-5 dollar gas
Expect 4-5 dollar gas
Posted on 3/6/26 at 11:31 am to deltaland
and we get NONE of our oil from Iran
Posted on 3/6/26 at 11:32 am to deltaland
Wednesday it was $2.57 and today $3.18.
Posted on 3/6/26 at 11:32 am to xBirdx
Of course. They will use this an excuse to rip the American public off. Kind of like grocery prices.
Posted on 3/6/26 at 11:33 am to Don Quixote
quote:
and we get NONE of our oil from Iran
And that matters because…?
Posted on 3/6/26 at 11:33 am to xBirdx
Already up 50+ cents from a few days ago.
Posted on 3/6/26 at 11:38 am to Contra
When a commodity is short of demand price goes up.
Posted on 3/6/26 at 11:39 am to Contra
quote:
Of course. They will use this an excuse to rip the American public off. Kind of like grocery prices.
This. Hell all gasoline in storage tanks was likely purchased prior to the war but they’ll raise prices anyways
Posted on 3/6/26 at 11:43 am to xBirdx
Diesel in Kentwood LA was 4.59 a gallon this morning. The high prices are here.
Posted on 3/6/26 at 11:48 am to Don Quixote
quote:
and we get NONE of our oil from Iran
That’s a great thing.
Doesn’t mean you’re insulated from higher oil prices causing higher gasoline prices.
Posted on 3/6/26 at 12:03 pm to deltaland
quote:
This. Hell all gasoline in storage tanks was likely purchased prior to the war but they’ll raise prices anyways
Basic economics is lost on most people. If the supply drops and demand stays the same the price will go up. If the good was bought by sellers 5 minutes ago or 5 decades ago doesn't matter.
Posted on 3/6/26 at 12:24 pm to xBirdx
It’s unknowable.
If the straights of Hormuz stay closed til September gas could reach $10/gal
If the straights of Hormuz stay closed til September gas could reach $10/gal
Posted on 3/6/26 at 12:24 pm to lsuoilengr
Glad Biden drained the SPR too
Posted on 3/6/26 at 12:34 pm to xBirdx
It absolutely blows my mind how people react differently depending on which side is causing the issue.
People really freak out about gas prices right now?
Is everyone a sorry arse helpless moron?
People really freak out about gas prices right now?
Is everyone a sorry arse helpless moron?
Posted on 3/6/26 at 12:36 pm to ReauxlTide222
Wait are you saying that gas prices shouldn't matter ever?
Or that they should only matter if a Democrat is president?
Or that they should only matter if a Democrat is president?
Posted on 3/6/26 at 12:36 pm to xBirdx
quote:
I’m assuming we will see gas prices rise?
Are you blind?
Thanks Trump.
Posted on 3/6/26 at 12:36 pm to xBirdx
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