The billion dollar a day oil profiteering game. Gas is over $4 a gallon in the USA because we’re exporting millions of barrels of crude?

Photo above – in 1979 when the original "Mad Max" was filmed, gas in America was $0.86 per gallon. In inflation adjusted numbers almost exactly the $4.16 we’re paying now. “The world is built on chaos” (Max Rockatansky, the road warrior).

For the past several weeks I kept reading that America buys “almost nothing” (in terms of oil) from the middle east. Turns out it's actually 6%, but that still qualifies as “almost nothing”. So when the president said Iran’s attacks on ships in the Strait of Hormuz were somebody else’s problem, i thought that might be true. I believe NATO and Asia should pony up to secure their own energy security and trade routes.

Not so fast. Turns out oil a global commodity and it flows downhill to the highest bidder. Therefore 8 million barrels a day are leaving America, destined for other nations. (see link below) This is why I’m paying $4.16 in Tampa today. Some big oil producing states (like Alaska) are paying even more ($4.60). Evidently, it’s more convenient and profitable to send Alaskan crude across the pacific than down to the rest of us in the lower 48 states. Who knew?

I’ve previously said – in several columns – that I’d be happy to pay $1 a gallon more at the pump FOR THE REST OF MY LIFE if it would mean turning Russia back from the Ukraine, and the collapse of the middle east’s most shambolic regimes. Now I’m paying that $1 a gallon, but my goals are still out of reach.

Is crude oil flowing through the strait of Hormuz again, after last night's miraculous midnight ceasefire? Not clear. Iran is still launching missiles at all points on the compass, because Lebanon got bombed. Iran has also set a toll of $2 million per oil tanker to squeeze though the straits. You can buy a LOT of drones for $2 million. If you want to know why the cease fire could end almost as quickly as it began, look no further than these tanker tolls. Despotic regimes only agree to ceasefires in order to rearm. If you can find an example when this HASN’T been true, please post a link.

So, America is (maybe, kind of, almost) out of drone defense tech. Iran has hit the Hormuz Powerball jackpot. America is paying $700 million A DAY more for shopping and commuting (13 million barrels at 42 gallons each at a $1.20 increase)

Please explain to me who’s winning, and what happens next.

I’m just sayin’ . .

https://www.msn.com/en-us/money/markets/america-barely-uses-middle-east-oil-so-why-did-gas-prices-rise/ar-AA20sbp1?ocid=msedgntp&pc=HCTS&cvid=69d6e442692d45fa918df80f4172ac48&ei=21