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.

  • chiliedogg@lemmy.world
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    16 hours ago

    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.

    • iegod@lemmy.zip
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      16 hours ago

      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.