ElwoodBlues · M
What a difference 3 months of war makes to gas prices!!
AAA reports US average gas prices now are $4.30, up from $2.87 at the end of Jan 2026. That's a 50% increase in 3 months, quite a price shock! What does that mean for the broader economy??
High energy prices, specifically oil price shocks, have been a contributing factor to roughly 4 to 6 major U.S. recessions in the last 50 years. Nearly all post-World War II recessions saw preceding oil price spikes, with major examples including the 1973–75 oil embargo, the 1979–80 energy crisis, the 1990–91 Gulf War recession, and the 2007–2008 financial crisis.
AAA reports US average gas prices now are $4.30, up from $2.87 at the end of Jan 2026. That's a 50% increase in 3 months, quite a price shock! What does that mean for the broader economy??
High energy prices, specifically oil price shocks, have been a contributing factor to roughly 4 to 6 major U.S. recessions in the last 50 years. Nearly all post-World War II recessions saw preceding oil price spikes, with major examples including the 1973–75 oil embargo, the 1979–80 energy crisis, the 1990–91 Gulf War recession, and the 2007–2008 financial crisis.
Oil Prices Spike, National Average Up Nearly 30 Cents in One Week
April 30,2026
April 30,2026
Prison1203 · 61-69, M
Mine are not that high, I’m still under $3.70. That’s probably in some blue shit hole state or city where they tax the shit out of gas
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jehova · 36-40, M
@Prison1203 its $4.50 today and the strait was open until DJT closed it. Dont blame biden for Trump"s policies
Prison1203 · 61-69, M
@jehova where did I blame Biden? And you must live in a blue state because my gas is $3.68 a gallon
jehova · 36-40, M
@Prison1203 ppl blame biden i had been watching the news, my mistake. Post retirement age politicains is the problem thc gasoline is the answer