Are we loving the spike in gas prices?

Thanks to our government having pulled out of the Iran deal, gas prices have spiked yet again. How is that couple of dollars you got from the tax break doing? Yah, gas prices are eating it up. 🤦

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Northwest · M

And the band plays on. OPEC Crude is about $73 per barrel today. It was about $45 when Trump was elected.

Saudi Arabia, announced today, that it's ready to up production, now that there's going to be a shortage when Iranian oil is no longer on the market. They're not going to pump more than needed to keep the price at about $75 per barrel.

This will generate enough dough, to enable the Saudis to pay for all the weapons they're buying from us, and cover the cost of the Yemen war.

You can call me a cynic, but don't call me naïve.

Oh, in the meanwhile, we, US consumers, will be paying for it, in the form of 60% higher prices at the pump. Go Tesla!

frequentlyme · 70-79, M

@Northwest There is a difference between being real and being a cynic - I find most of what you say to be real.

Northwest · M

@frequentlyme Thank you.