Gas is up

[Anonymous]

Anonymous wrote:

Anonymous wrote:Last 2 week was $2.70 now $3.40 — Up 70 cents.
My little sedan take 10 gallons per fill, so it is $7 up per fill.
Fill up about twice a week.
It is up about $60 per month if the price not raise further.

(Northern VA)

I just went to the grocery store. I got the same things I got last week and it was like 15-20% more expensive.

Where did you shop?
I shopped at two stores this weekend. Prices were exactly the same as they have been.

[Anonymous]

Anonymous wrote:

I think it was Jeff's piece on the main page of this website that said Trump will still benefit from Venezuelan oil. So, he does not care to be "prepared" or what any of us have to pay because he (Trump) makes money.

[Anonymous]

This will increase gas prices and keep them high for years. Taking out the Iranian oil facilities means there is now no spare capacity in the oil markets. If the Iranian strike back and hit Saudi oil facilities oil will increase even more.

Iran oil facilities hit for first time as war with US-Israel enters day 9
The attacks spark large fires as they hit four oil storage facilities and an oil production transfer centre in Tehran and Alborz
The strikes on Saturday sparked large fires as they hit four oil storage facilities and an oil production transfer centre in Tehran and the province of Alborz, the Fars news agency reported, with the Iranian state media describing it as an “attack from the US and the Zionist regime”.

The Aghdasieh oil warehouse in northeast Tehran, the Tehran refinery in the south, the Shahran oil depot in the west of Tehran, and an oil depot in Karaj city were the facilities targeted. Witnesses said oil from the Shahran depot had leaked into the streets.

https://www.aljazeera.com/news/2026/3/8/israel-strikes-irans-oil-facilities-for-first-time-as-war-enters-ninth-day


If only Trump has just played golf and done nothing the world would be in a much better place. At minimum look for $4 plus gasoline prices for the foreseeable future national average.

This is turning in to the worst case scenario pretty quickly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I think it was Jeff's piece on the main page of this website that said Trump will still benefit from Venezuelan oil. So, he does not care to be "prepared" or what any of us have to pay because he (Trump) makes money.

Venezuela will not increase production for years.

[Anonymous]

Anonymous wrote:This will increase gas prices and keep them high for years. Taking out the Iranian oil facilities means there is now no spare capacity in the oil markets. If the Iranian strike back and hit Saudi oil facilities oil will increase even more.

Iran oil facilities hit for first time as war with US-Israel enters day 9
The attacks spark large fires as they hit four oil storage facilities and an oil production transfer centre in Tehran and Alborz
The strikes on Saturday sparked large fires as they hit four oil storage facilities and an oil production transfer centre in Tehran and the province of Alborz, the Fars news agency reported, with the Iranian state media describing it as an “attack from the US and the Zionist regime”.

The Aghdasieh oil warehouse in northeast Tehran, the Tehran refinery in the south, the Shahran oil depot in the west of Tehran, and an oil depot in Karaj city were the facilities targeted. Witnesses said oil from the Shahran depot had leaked into the streets.

https://www.aljazeera.com/news/2026/3/8/israel-strikes-irans-oil-facilities-for-first-time-as-war-enters-ninth-day


If only Trump has just played golf and done nothing the world would be in a much better place. At minimum look for $4 plus gasoline prices for the foreseeable future national average.

This is turning in to the worst case scenario pretty quickly.

Chef's kiss on an already shaky economy (92k jobs lost in Feb)

[Anonymous]

Filled up last night at $3.29. Passed same station today and it was $3.49.

[Anonymous]

Why don't they just declare a national emergency and freeze gas prices. We're supposed to be energy independent and its not like production prices have gone up domestically. All price increases are basically profit. They prohibit price gouging during natural disasters. How is this that different?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I think it was Jeff's piece on the main page of this website that said Trump will still benefit from Venezuelan oil. So, he does not care to be "prepared" or what any of us have to pay because he (Trump) makes money.

Venezuela will not increase production for years.

For the Venezuelan oil infrastructure, Chevron and the others said the juice wasn't worth the squeeze. But maybe now it is, with the price hike.

[Anonymous]

Anonymous wrote:Why don't they just declare a national emergency and freeze gas prices. We're supposed to be energy independent and its not like production prices have gone up domestically. All price increases are basically profit. They prohibit price gouging during natural disasters. How is this that different?

The US produces and refines more than enough oil to keep the US gas and diesel prices low. The oil companies and refineries sell oil, gasoline and diesel to other countries. That increases price at the pump here more than what is normally predicted.

Trump has to issue an EO barring export of oil and refinery products from the US. The oil companies and world would sh#t.

[Anonymous]

Oil futures have opened up currently 22%

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I think it was Jeff's piece on the main page of this website that said Trump will still benefit from Venezuelan oil. So, he does not care to be "prepared" or what any of us have to pay because he (Trump) makes money.

Venezuela will not increase production for years.

For the Venezuelan oil infrastructure, Chevron and the others said the juice wasn't worth the squeeze. But maybe now it is, with the price hike.

It would take years(15-20 see Iraq and Iraq was not as bad as Venezuela) and the majors can get better returns elsewhere. It’s a $100-183 billion investment where you will not see meaningful returns for 15 years? They estimate it will cost $80-$90 a barrel to get the oil out of the ground. On top of that you still have the same people in control of the country. They will nationalize everything as soon as Trump leaves.

With fracking the returns are really quick 2-3 years and you are in a more “stable” regulatory environment.

[Anonymous]

Anonymous wrote:Oil futures have opened up currently 22%

Two week to get the straights open and hope Bibi, Trump or the new guy don’t start blowing up oil wells, pipelines and port facilities.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I think it was Jeff's piece on the main page of this website that said Trump will still benefit from Venezuelan oil. So, he does not care to be "prepared" or what any of us have to pay because he (Trump) makes money.

Venezuela will not increase production for years.

For the Venezuelan oil infrastructure, Chevron and the others said the juice wasn't worth the squeeze. But maybe now it is, with the price hike.

Good point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Oil futures have opened up currently 22%

Two week to get the straights open and hope Bibi, Trump or the new guy don’t start blowing up oil wells, pipelines and port facilities.

I thought they are?

[Anonymous]

If gas hits $5 a gallon this year, the GOP is toast.

Even the Senate will seriously be in play.