Independent thinking for complex markets and current events
by Michael For most people, the price of gasoline is the most obvious consequence of the war in the Middle East. As I write this article, the average price of a gallon of gasoline in the United States is $4.56. Of course in some parts of the country consumers are paying much more than that. This …
Powerful GOP Congressman Dismisses Rising Gas Prices from Iran War: ‘That’s Life’ Ohio Rep. Jim Jordan, a key ally to President Donald Trump, struggled to downplay rising gas prices amid the war with Iran as CNN’s Kaitlan Collins pressed him on the topic At one point during the interview, Jordan argued gas prices “were coming …
UBS quietly nuked every rate cut fantasy while the suits still scream everything is fine. https://x.com/sayonarashorts/status/2052106342840815922 Oil at $100 for months quietly wrecks the global economy without ever needing to hit $200. Here’s the reality. Oil doesn’t need to go to $130, $150 or $200. It just needs to stay around $100 a barrel for …
Hassett on American consumers: "Credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else too." pic.twitter.com/zayCSaxhwr — Aaron Rupar (@atrupar) May 6, 2026
The latest CPI data highlights a stubborn 3.3% annual inflation rate today, energy costs are the primary driver of the middle class squeeze… Gasoline prices jumped 21.2% in the latest monthly window, the Hormuz blockade is effectively taxing every American at the pump… Shelter inflation slowed to 3.0%, the slowest pace since 2021, but core …
by Michael You have probably noticed that gasoline is starting to become extremely expensive. That is really bad news for all of us, because our entire way of life depends on cheap energy. We can’t make stuff without energy. We can’t move stuff without energy. That is why the cost of energy directly affects the cost …
We still haven’t reached Memorial Day weekend yet. Summer season increases have yet to happen! h/t Educational_Net4000
Gasoline prices in the United States rose on Tuesday to their highest level in four years as peace talks between the United States and Iran appeared at an impasse. The average cost for a gallon of regular gasoline is $4.18, according to the AAA motor club. The price at the pump has not been that …
100 LITERS OF GAS for $1 in ‘decimated’ Iran 16 liters for the price of WATER BOTTLE. pic.twitter.com/ec9AVDuz3z — Neelotpal Srivastav (@NS_Neelotpal) April 27, 2026
by confoundedinterest17 Since the attack on Iran by Israelis and US forces, crude oil and gasoline prices have soared … back to Obama and Bidem era levels. How about the impact of the Arctic cold blasts the northern states have received? You can see the spike in the Henry Hub Natural Gas Spot Price
U.S. gasoline hits $4 per gallon, highest since 2022, as Iran war drives up fuel prices U.S. gasoline prices have surged above $4 per gallon for the first time in more than three years, as the oil supply shock triggered by the Middle East war rapidly drives up costs for families. Prices at the pump …
Gas prices in the US have moved up to $3.72/gallon, their highest level since October 2023. The 27% spike over the last month ($2.93/gallon to $3.72/gallon) is the biggest we've seen in the past 30 years. pic.twitter.com/C3HrTiRnH5 — Charlie Bilello (@charliebilello) March 16, 2026
If Asia’s biggest energy importers are already scrambling, the global fuel shock may only be getting started. BREAKING: China has just told their largest oil refiners to SUSPEND exports of diesel and gasoline. This is NOT good. — Brian Krassenstein (@krassenstein) March 5, 2026 BREAKING: An oil tanker has been hit by a "large explosion" …
Everything is breaking records at the same time and that’s not strength, that’s stress. When stocks, gold, debt, and delinquencies all hit highs together, it means the system is being force fed cheap money. Cutting rates now doesn’t fix the problem, it pours gasoline on it. This rally isn’t confidence, it’s desperation dressed up as …
The full ban on new car sales with gasoline and diesel cars will happen in 2035 Comparing UK and China 2025 data: China’s GDP $19.399 trillion (nominal; 2025) $41.016 trillion (PPP; 2025) UK GDP GDP $3.959 trillion (nominal; 2025) $4.455 trillion (PPP; 2025) h/t MazdaProphet
https://twitter.com/Minutes_ae/status/1973755096820326611 Ukraine’s new strategy of targeting oil refineries is taking its toll on Russia’s economy, dramatically cutting its refining capacity as the government seeks to balance massive military spending with falling revenue. Citing data from Seala, a Russian energy markets analysis agency, the Russian business daily RBC reported that nearly 40 percent of the country’s …
Gasoline shortage intensifies in Russia Supply disruptions are now reported in 10 regions, and half of the gas stations in annexed Crimea are out of service. Russian media report that gasoline production has dropped by about 10% over the past two months. Even residents of… pic.twitter.com/yOBZYC5n8w — Visegrád 24 (@visegrad24) September 25, 2025 Slowly but …
Three months ago, hotel operators were confident that the consumer downturn they were experiencing would end being a relatively quick pain. After the tariff matter was finally settled, Americans would sure go back to spending as they always seemed to. Instead, a whole bunch of critical and alarming data out just today has poured oceans …
🚨 HOLY SMOKES!! I knew prices were going down, I didn't realize it was to THIS DEGREE! Per CNBC:Gasoline? -10%.Tomatoes? -8%.Lettuce? -5%.TVs, car/truck rental? -9%.Dishes/flatware? -11%. And the list goes on. pic.twitter.com/HUlpfYVaJj — Eric Daugherty (@EricLDaugh) May 9, 2025 Inflation by CPI Component (12-Month % Change) byu/MonetaryCommentary inEconomyCharts
WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine, amid strong support from American voters and lawmakers, even though the move will drive up U.S. energy prices. “We’re banning all imports of Russian oil and gas energy,” Biden …
by Mike Shedlock In September, retail sales rose 0.4 percent, up 0.3 percent inflation adjusted. Here’s where consumer spent their money. According to the Census Department Advance Estimate, retail sales rose 0.4 percent in September. Advance estimates of U.S. retail and food services sales for September 2024, adjusted for seasonal variation and holiday and trading-day differences, but …
BREAKING 🚨: Gasoline Gasoline at its lowest price since 2021 ⛽️ pic.twitter.com/haxWbzL6WA — Barchart (@Barchart) September 9, 2024 Disinflation has broadened. via BofA Juneau pic.twitter.com/IB5f6kWZOU — Daily Chartbook (@dailychartbook) September 9, 2024 All commodities (obviously ex-Gold) pricing in a hard landing? Performance since 20th May which was the high for many of them (mainly copper) …
by runway31 WHY YSK: If your car only requires 87 (US) or whatever the baseline “regular” gasoline requirement is in your country, it is a waste to put premium in. They all have the same functional amount of cleaners and detergents (A station may advertise more cleaner, but it wont actually do a better job). …
Let’s examine the inflation and price changes since 2020. According to the U.S. Bureau of Labor Statistics, prices for all items have increased by 20.23% from 2020 to 2024. On average, this translates to an annual inflation rate of 4.71% during that period1. Specifically, here are some notable price increases: Gasoline: From December 2020 to December 2021, gasoline prices rose nearly 50%. Food: Food …
12 States Banning Gasoline Powered Cars California Delaware Maryland Massachusetts New Jersey New York Oregon Rhode Island Vermont Washington Virginia Connecticut Maine, Pennsylvania New Mexico In August 2022, California decided to ban the sales of gas-powered cars by 2035. It’s a big step in fighting climate change since ICEs constitute a significant cause of air …
by confoundedinterest17 You know “Green Joe” is desperate for re-election when he approves the release of 1 million barrels of gasoline from the Northeast Reserve in an attempt to lower gasoline prices. Jennifer Granholm, US energy Overlord, said it is to lower gasoline prices for 4th of July weekend (LOL!). Or in time for the November Presidential …
Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA). In the EIA’s May Short-Term Energy Outlook (STEO), which serves as the Base case for analysis, the EIA forecast summer regular …
Gas prices under last 4 presidents Bush, Obama, Trump and Biden. pic.twitter.com/ktrf1JPCLv — Citizen Free Press (@CitizenFreePres) April 17, 2024
In Canada, it is now prohibited to talk about the benefits of gasoline and gas for cars, Law C-372. pic.twitter.com/guJJerlUVS — Truthseeker (@Xx17965797N) March 6, 2024 Bill C-372 is stirring up a storm that’s leaving citizens questioning the bounds of expression. This Canadian bill, on the brink of becoming law, is raising eyebrows for taking …