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.

    • innermachine@lemmy.world
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      2 hours ago

      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.

    • dan1101@lemmy.world
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      2 hours ago

      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.

      • BanMe@lemmy.world
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        2 hours ago

        “americans are 3 hot meals from a revolution” is the saying I think.

        • partofthevoice@lemmy.zip
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          46 minutes ago

          Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”

    • Kage520@lemmy.world
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      45 minutes ago

      They are bracing for the voters to finally turn on them. Commit fraud? It’s fine my gas is cheap. Sex with children? Eh whatever I don’t want to consider if that’s true or not as long as my gas is cheap. Bomb a school overseas? Whatever you’ve gotta do to keep my gas cheap. GAS PRICES ARE UP?! WTF IS THIS ADMINISTRATION DOING?! VOTE THEM OUT.

      It’s sickening, but it seems the price of gas is really all that matters to the Republican voter.

  • wuffah@lemmy.world
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    The cost of diesel, the lifeblood of the U.S. economy powering freight and manufacturing, also pushed past $5 a gallon this month, marking the highest rate since 2022. Experts have warned that the elevated price of diesel, made from crude oil, will trigger knock-on effects on groceries, shipping and construction.

    Around 80% of Americans live in cities, where there is nowhere to grow realistically self-sustaining quantities of food. If people can’t buy groceries because it’s no longer economically viable to ship food products to stores, what’s the point of anything else?

    • Shindo66@lemmy.world
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      Kind of an off point, but in the US, if the options are: grow your own sustaining quantity of food or starve to death. We’re all starving to death.

  • TigerAce@lemmy.dbzer0.com
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    8 hours ago

    The only big difference between Adolf Hitler and Donald Trump is that Hitler didn’t sexually abuse children.

    Comparisons:

    • never drinks alcohol
    • tariff war which is worst for themselves
    • oil shortages by bad planning
    • declaring wars
    • stealing Nobel peace prize (was Goebbles, but whatever)
    • fucking up the economy
    • started a world war
    • is senile AF
    • blames minorities
    • wants to get rid of minorities by any means necessary
    • doesn’t care about rules or laws
    • wants to build megalomaniac buildings
    • only recognizes self appointed judges
    • builds a close circle of radicalizedsidiots around him who can’t day no to him

    Should I continue?

  • BarneyPiccolo@lemmy.today
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    9 hours ago

    The Sociopathic Oligarchs see the Dow as the leading indicator of the economy, and never notice gas prices.

    But to the average American, the price of GAS is the leading economic indicator, and that number psychologically symbolizes the health of the economy in their minds. That number is displayed on every corner in the country, and every American passes it many times a day, driving it into their skulls.

    This is NOT good for MAGA, and a reckoning is coming. MAGA is feral, and when they feel cornered, wounded, and scared, they will strike out ferociously. It’s going to get uglier before it gets better.

    • Fluffy Kitty Cat@slrpnk.net
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      The fact that gasoline has giant signs telling you how much it costs is very symbolic of America as a Petro state. Because of that one thing alone it’s the only products where every American can tell you exactly how much it costs, and specifically how much it costs in their area more so than nationwide. Because of credit cards most people couldn’t tell you the price of other Essentials off the top of their head like a gallon of milk or a loaf of bread but gasoline? It’s $5.50 at the station down the road

    • BygoneNeutrino@lemmy.world
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      8 hours ago

      … I’ve never met a “MAGA” in real life. I know a bunch of Republicans, but not the stereotype obsessed over on social media. It’s reminiscent of the McArthy era and communism. Everyone talked about communists all day, every day, but they were sooo good at blending in that nobody saw them.

      • athatet@lemmy.zip
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        1 hour ago

        What does maga refer to? Perhaps the people who wear it on their hats? What is this question?

      • billybob@lemmy.zip
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        8 hours ago

        They tend to have a blind devotion to Donald Trump. By that I mean they change their opinions to match his actions. Every republican I know cared about the Epstein files, but now that Trump has expressed annoyance whenever they are brought they no longer care if they are released and even act annoyed if you bring it up. They viewed Joe Biden as evil and that he was the main cause for high gas prices, but now that gas prices are going up under Trump they understand the president doesn’t cause the prices to go up. The cost of healthcare, childcare, grocery’s, and housing were all things they cared about when Biden was president, but now that prices are going up and not down they no longer care. It’s not necessarily a personality, while I do feel a lot of them do share similar traits. What you are looking for is a person that is able to think however Donald Trump wants them to. That’s what makes a MAGA. It’s someone who will never criticize Trump they will just change their opinions. They only care about what Trump wants them to at the time.

        • BarneyPiccolo@lemmy.today
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          Good post. Too bad you wasted it on a guy who doesn’t know what a MAGA is. I suspect he won’t understand even after reading it.

  • Treczoks@lemmy.world
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    The GOP already knows that they have lost the majority, so they try every trick in the book to keep non-republicans from voting. But with those gas prices, even hardcore country yokels who voted for anything with “REP” to it, dead or alive, might start thinking about this.

    • Fluffy Kitty Cat@slrpnk.net
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      If you live in the city there’s probably a bus that runs nearby even if it sucks. If you live in rural Montana you probably try though F-150 over a dozen miles to the nearest grocery store

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    12 hours ago

    The best part is that even if everything in the Strait were to return to normal tomorrow, the oil price shock is just barely beginning to filter through the system, so there’s absolutely nothing Trump can do to stop what he caused.

    • empireOfLove2@lemmy.dbzer0.com
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      10 hours ago

      Oh yeah. Global logistics with slow-boat tankers are scheduled multiple months in advance to keep the machine flowing. With every single route now completely thrown awry, there’s no going back for at least a year.

      • Aceticon@lemmy.dbzer0.com
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        And then there is the whole inflation feeding through into Fertilizers (mainly from Natural Gas prices rather than Oil prices), in turn feeding through into Food prices, all of which carries even long delays to fully emerge in consumer prices because of the time food takes to grow (more so if you think cattle since fertilizer prices only indirectly push costs up through the increase in feed prices).

        Just the first month of war has baked in many months of rising Inflation.

  • givesomefucks@lemmy.world
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    13 hours ago

    I really want to see Iran say they’ll reopen it only after trump is personally handed over to stand trial for his war crimes…

    It will never work, but it’ll fracture his support and more importantly he’ll be ome convinced it’s gonna happen and start turning on his own cronies even if they’re loyal.

      • KC_Royalz@lemmy.world
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        Except it’s going to devastate a lot of people financially who don’t deserve it. So ireally don’t find it funny.

        But if gas hits that high it will devastate rural areas and the people who voted for this

        • Bytemeister@lemmy.world
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          Who is it going to financially devastate? Most Americans have no investments, no savings, and no retirement. 10,000% inflation is almost as hard to deal with at 50% for people living paycheck to paycheck already. For the investors/ruling class, a free falling dollar does a lot more damage.

        • Serinus@lemmy.world
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          9 hours ago

          30% of the American public voted for these grifting idiots, not just the president, but his enablers too. This slightly disproportionately affects rural areas. We should be getting off of gas and investing in green energy anyway.

          I choose to laugh. It’s better than what the people of Iran got out of it.

          Man, I wonder if a better president would have come up with some kind of treaty to prevent Iran from obtaining nuclear weapons.

          • MajinBlayze@lemmy.world
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            How many times has iran been attacked for being two weeks away from nuclear weapons in the past 50 years?

            What are the chances these are all true?

        • wildncrazyguy138@fedia.io
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          11 hours ago

          Pay the piper now or pay him later when the earth rises 2C over global average due to no one changing their habits.

          Idle hands are the devil’s playground.

  • tal@lemmy.today
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    12 hours ago

    On March 20, he fumed that NATO allies have refused to help secure the strait, but he later appeared unconcerned. “At a certain point it will open itself,” he said.

    I’d say that that sounds promising for EV manufacturers.

    • Lemmyng@lemmy.world
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      He really expects everything to “open itself” for him like some sex worker with “9th layer of Hell” standards.

    • FaceDeer@fedia.io
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      12 hours ago

      Do you sometimes find yourself needing to buy things? Those need to be shipped to the places where you buy them. And the parts they’re made of need to be shipped to the places where they’re manufactured. You pay for all that when you buy them.

      • Catoblepas@piefed.blahaj.zone
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        11 hours ago

        Wow, I wonder if I’ll have more or less money to buy things that cost more if I’m not spending money on gas? 🤔

        • FaceDeer@fedia.io
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          11 hours ago

          You’ll have the same amount of money, but things will cost more so you won’t be able to buy as much.

          This is some very basic economics.

          • Catoblepas@piefed.blahaj.zone
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            I don’t know how else to explain that by taking public transit I’m not paying for gasoline to power a personal car, meaning money I would have spent on gasoline from the gas station is money I now have for more expensive goods I can’t avoid buying, like food. People who aren’t taking public transit are paying for more expensive shit and also more expensive gasoline.

            This is basic math.

            • FaceDeer@fedia.io
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              11 hours ago

              And I don’t know how else to explain that your laughter is misplaced because you’re going to suffer right along with everyone else anyway.

              You’re saving a bit on gas by taking public transit. Whee, bully for you. Lots of people save a bit by doing little things to save money. I keep the thermostat in my house lower than most people do because I like wearing fluffy housecoats instead, but I’m not laughing. It doesn’t protect you when everything gets more expensive.

              • CerebralHawks@lemmy.dbzer0.com
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                3 hours ago

                They’re laughing at you/us because they don’t pay for a car, which means either they don’t have a job or they live in a very population dense metropolitan area where the cost of living offsets the money they save by not having/needing a car. So yes in those areas you can have a car, but parking is severely limited, you pay for a parking space, parking just about anywhere else gets you towed, so most people just take the bus/train. If the bus/train is late, you might lose your job, but there are other jobs and your boss is probably late sometimes because they also can’t afford a car. They get accustomed to this life and shame people who have cars because they envy their freedom, and their lower cost of living. Misery loves company, after all.

                But they are right in that they don’t have to pay for gas, or car insurance, or car maintenance. They still pay it in higher rent, utilities, and goods and services in the area. But they consider those costs sunk and therefore, do not factor them in. They think they’re winning, when really, at best, they’re no better than we are, and in some ways they are, but in many ways they’re just as bad if not worse. But they’re also shaming us for living the way we live, so that’s worse too.

            • Fondots@lemmy.world
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              9 hours ago

              The goods you buy are transported to the stores you buy them from with fossil fuels

              The public transit is, in all likelihood, powered by fossil fuels, which may make prices go up

              Even if it’s an electric train, or being delivered by electric trucks, etc. there’s a good chance that the electricity is being generated by fossil fuels

              But even if it’s not and it’s coming from solar, hydro, nuclear, etc. those are still likely reliant in some way on fossil fuels some extent for vehicles used to provide maintenance, deliver new/replacement parts, etc. and probably for backup generators to make sure critical systems stay powered in the event of an emergency shutdown, so the price of the electricity is going to go up.

              You’re really not as insulated from this as you seem to think, basically our whole economy is based around fossil fuels, when the price of them goes up, the price of literally everything else does as well. Sure, you’re not outright paying directly for fuel, but everything else you are paying for is going to go up before too long.