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?

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.

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.

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.

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.

Anonymous wrote:

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.

Instead of trying to predict a precise price target, it is more useful to think in terms of ranges tied to real-world developments.

Contained disruption ($90–$110 WTI). If the current disruption proves temporary and shipping through the Strait resumes relatively quickly, the current price spike could fade as the previously expected 2026 supply surplus reasserts itself.

Structural shock ($110–$130 WTI). If disruptions persist for several weeks—through tanker strikes, infrastructure damage, or prolonged insurance withdrawals—the market will begin pricing in a sustained supply risk.

Severe disruption ($140+ WTI). This scenario would likely require a major escalation, such as significant damage to key processing facilities in Saudi Arabia or the UAE. At that point the market would be driven less by trading sentiment and more by a global scramble for physical barrels. At that point, we really don’t know how high oil prices might rise, but at some point, they will trigger an economic response.

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)

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.

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.