Why This Jump in Gas Prices Feels Different
Since the start of the war in Iran, the average price of gas in the United States has climbed by nearly a dollar.
It’s the second-largest four-week increase in at least 30 years — bigger than the one at the start of the war in Ukraine in 2022, or the ones associated with the post-recession surge of 2009 and the OPEC production cuts in 1999.
The only bigger jump came after Hurricane Katrina in 2005, when gas supply fell significantly.
No state has been spared. Average prices are up by more than 50 cents per gallon everywhere, and by more than a dollar in New Mexico, Arizona and Colorado, according to the AAA motor club.
I drive an EV, but restaurants, grocery stores and Costco, are raising prices to recover their increasing transportation costs.
The real problem is that Trump says we won the war an hour after he started it, but in fact there is no credible plan on how to end it.
Even Netanyahu is starting to distance himself from the "unconditional surrender" boasts. He's now saying that he "hopes" pounding the shit out of Iranian infrastructure will lead to pushing the regime to collapse and a new group taking over. Hopefully a less radical regime.
Which takes us back to the question: why did we stop the negotiations and go to war, because Trump felt it in his nones that war is the only option?
It’s the second-largest four-week increase in at least 30 years — bigger than the one at the start of the war in Ukraine in 2022, or the ones associated with the post-recession surge of 2009 and the OPEC production cuts in 1999.
The only bigger jump came after Hurricane Katrina in 2005, when gas supply fell significantly.
No state has been spared. Average prices are up by more than 50 cents per gallon everywhere, and by more than a dollar in New Mexico, Arizona and Colorado, according to the AAA motor club.
I drive an EV, but restaurants, grocery stores and Costco, are raising prices to recover their increasing transportation costs.
The real problem is that Trump says we won the war an hour after he started it, but in fact there is no credible plan on how to end it.
Even Netanyahu is starting to distance himself from the "unconditional surrender" boasts. He's now saying that he "hopes" pounding the shit out of Iranian infrastructure will lead to pushing the regime to collapse and a new group taking over. Hopefully a less radical regime.
Which takes us back to the question: why did we stop the negotiations and go to war, because Trump felt it in his nones that war is the only option?
