White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.
To be fair, once fuel prices go up the cost of EVERYTHING also goes up. So no it’s not just about pain at the pump, it’s pain at the grocery check out. Pain when the oil truck comes to deliver your liquid heat. Pain when you buy anything plastic, anything grown with fertilizers. People don’t realize petroleum is in almost everything! And if it doesn’t use a petroleum product in manufacturing, it certainly does in shipping.
Youre right, but also if we weren’t using up as much for fuel as we do there would be much more left for other applications
No kidding. I think our world leaders have forgotten that there is only so much oil in the ground, once it’s all burnt up that’s it poof it’s gone. Makes it even more insane that their bombing oil fields and refineries. If u want a small example of how our billionaire rulers have boned us look at the racket from synthetic rope getting hemp banned. The tldr is DuPont made synthetic rope, but hemp which is sustainable and strong got outlawed due in part to them lobbying. We have a government that exists only to stuff rich peoples pockets from what it seems. There’s more examples than can be listed of private corporations creating rules to make themselves the winners at the expense of the people and the planet, and it’s been going on for over a hundred years and just getting exponentially worse. There’s a reason wealth just keeps consolidating.
Exactly. Your house could be solar, you could be charging your EV from your solar, and so your house power and transportation costs mostly negated, but everything else would still have an increase.
Ive never heard liquid heat before, interesting. We call it heating oil where I’m from (southern new england).
I’m in northern New England, moved here from Southern New England. Moved there from Texas. Moved there from Italy. I’m not “from” anywhere so I picked up some odd sayings in my travels LOL. I also make stupid shit up on occasion, gotta keep people on their toes.
Ah ok lol.
Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.
Yep and the same cart of groceries I spent 100 bucks on last year is about 200 now :( Trump was right. So much winning we’ll get sick of it. Trouble is only the billionaires are winning, at our expense. I’m not having fun anymore.
When people are struggling to get by and exhausted from the news, they end up focusing on themselves. The reality is most Americans don’t have the energy, time, or resources to focus on something that’s disconnected from their lives - including attrocities on the other side of the planet.
But gas prices hit HARD. When you’re spending 20-30% of your income on gas and the price of that gas doubles, it’s a problem even before it makes everything else skyrocket in price.
That excuse is honestly not acceptable. Americans have had ample time and opportunity to consider the impact of their voting decisions. This is their choice. Collectively, the country has failed.
Too ignorant, selfish, or stupid.
No one cares about victims of rape and pedophilia, that’s other people, caring about other people is un-American.
That’s just false
$ is the only thing sacred in america, always has been
The only thing that keeps most people complacent is they can manage to scrape by with their meager salary buying crappy goods. Take that away and Americans might get more revolutionary.
“americans are 3 hot meals from a revolution” is the saying I think.
Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”