cross-posted from: https://lemmy.world/post/45703025
KEY POINTS
Donald Trump said Thursday that gasoline prices are “not very high.”
A Quinnipiac University national poll of registered voters showed that 65% of U.S. voters blame Trump either “a lot” or “some” for the rise in gas prices seen since the beginning of the Iran war.
Trump said those prices are not as high as what was expected from the war, which he said was aimed at denying Iran the ability to produce a nuclear weapon.
Not very high, yet.
They will more then likely get higher if following history from the 1973–1974 oil embargo. The effects were delayed.
This is worth a watch, at least the first 2-3 minutes that provides a good summary.
https://www.youtube.com/watch?v=eXNLaHsKMz8
Idk what’s supposed to qualify as “High” anymore. They’re at $5/gal nationally, which is exactly where they were under Biden in 2022. And I was told they were “Too High” back then. But I guess now they’re not, because… ???
Not many people realize that the cost per barrel isn’t instantly related to the cost of gasoline.
It’s something our government teacher drilled into our heads, probably because it was 2008.