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.
Oh hey, maybe if they didn’t dismantle all the green energy and EV initiatives then the impacts would be mitigated a little bit…
Funny how that works…
Literally couldn’t be doing anything different to help Russia more.
That’s gotta be the point, isn’t it? It’s not really a secret that trump’s a russian stooge…
Just as they planned.
Automakers have billions of dollars in brand new EV manufacturing equipment and lines sitting around doing nothing since the new administration changed all the regulations and incentives.
they’re also putting some new programs on hold, so at least they’re not all outright cancelled yet
but oh boy have a lot been cancelled. we built a huge cell that was shipped to the customer and scrapped the next year. the customer actually ended up taking apart the tools we built and shipping us back a bunch of the components to build them another cell for a different project. that was neat.
And they arrested/deported most of the engineers who were supposed to train manufacturing employees…
They’re gonna nationalize our oil aren’t they? Required sale to the government at a set rate and then government will turn around and sell into the domestic and international markets to balance prices at our pumps.
It’s about the only option other than stop bombing Iran and that’s not happening.
That would be hilarious actually
Oh Undoubtedly. I look forward to all the explanations as to why it’s Capitalism when we do it and Socialism when Venezuela does it.
Trump could ban US oil export. That would bring the price of gas down here.
He won’t do that.
Trump officials bracing for nightmare scenario of renewable energy and end of global hegemony.
It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.
$ is the only thing sacred in america, always has been
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.
Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.
Yep and the same cart of groceries I spent 100 bucks on last year is about 200 now :( Trump was right. So much winning we’ll get sick of it. Trouble is only the billionaires are winning, at our expense. I’m not having fun anymore.
No one cares about victims of rape and pedophilia, that’s other people, caring about other people is un-American.
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.
“americans are 3 hot meals from a revolution” is the saying I think.
Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”
One idiotic move administration has made is to increase ethanol content of gasoline. Ethanol is corn based in US. Cost of corn is fertilizer based. The futures price of corn has only increased about 10%, while fertilizer costs are up 100%, and so no logical reason to plant corn that has been losing money for farmers for last 5 years.
Easiest plan to bring down energy prices would be to import chinese solar tariff free, to use on ethanol corn fields in Nebraska. Leaving room for Corn between panel rows when it is viable to grow corn for food again. There’s even a path towards 0 cost electricity for 24/7 datacenters or other loads. https://lemmy.ca/post/59615557?scrollToComments=true
Your linked AI slop post has a LOT of assumptions and it’s kinda expensive. If the total system capex is 50k for 1 kW load, it’ll be 500 million for a modern 10MW data center. Then covering the deficit off employee BEVs for peanuts a kWh: That assumes you have enough employees for that and that they’re willing to wear their batteries for this.
But yes, the whole ethanol requirement is stupid for a country that has its own oil anyway
You’re right about cost assumptions of renewables. Like I said, tariff free Chinese costs + 30% local premium results in 0 electricity costs if $2/kg hydrogen revenue. Higher costs would still pay off at 10c/kwh from datacenter/other sales.
get in line for windmill powered EVs. self own king
What exactly are they “bracing” for? Not a single one of them has to pay out of pocket for it.
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.
To be fair, a coal rolling Duramax is pretty expensive to feed.
It now costs the average Duramax owner $2 to drive down their driveway to their mailbox and back.
This country has done nothing except wait for someone else to solve the “trump problem.” Protests are great to show unity and dissatisfaction, but I don’t think the regime cares. Protests are not force, and the only thing, if it isn’t obvious, this administration understands is abuse and use of force. They’d probably be fine with a Tiananmen Square scenario in the US, it would justify the final grab for power.
That said, I hope you’re right and gas is finally enough to force change. Hopefully we don’t replace one idiot with another.
Its simply time to disobey. If you live next to an AI Datacenter now is your chance to shine.
West coast will run out of jet fuel in 2-3 weeks. US politics are so hateful, Texas will likely refuse to ship any by truck to say that this is “woke green policies” fault.
Per an adjacent discussion on NPR, California is considered a “petrol-island”. Conventional shipping over land is both difficult and inefficient because they’re tucked on the other side of a mountain chain. Coming from Texas, willing or not, seems to have it’s own additional expense.
Difficult sure. Would you prefer that it is impossible to fly to California, difficult? Shouldn’t be. Cost of Jet fuel from GCC would make the difficult trip from Texas profitable.
TIL oil is only half the input cost of making gas.
Crude oil is the main ingredient in gasoline — accounting for roughly half the cost of a gallon of gas — so when oil prices rise, gas prices typically follows suit.
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 for everything
- wants to get rid of minorities by any means necessary
- doesn’t care about rules or laws, human rights or war crimes
- wants to build megalomaniac buildings
- only recognizes self appointed judges
- builds a close circle of radicalized idiots around him who can’t say no to him
- empoweres criminal enterprises, surrounds himself with and protects criminals, steals from the poor, creates a regime enriching itself illegally
Should I continue?
Hitler death: 4/30/45
Trump birth: 6/14/46
Certainly a case to be made for reincarnation.
Hitler’s bday is also same as Napoleon’s.
No, it isn’t. Hitler’s is 4/20 and Napoleon’s is 8/15.
Solid list but a really obvious miss for me was amphetamine addiction
Hitler was vegetarian, he didn’t like aMcDonald’s.
Fair point
I believe Hitler had a thing for his underage niece.
Hitler did speed and trump did cocain, he’s probably on adderall now.
Don’t forget the uncontrollable farting.
Except maybe his niece
He doesn’t drink? Really? I’m kinda surprised at that.
No braincells to spare
His older brother, Fred, died of alcoholism related illness. If you believe Fred’s daughter (the anti trump psychologist who wrote a book on her uncle) his alcoholism was a byproduct of the abusive household that they (Fred and Donald) grew up in.
Sobriety (alcohol) in response to that seems to be a rare bit of Donald making a wise choice, though it could easily be him attempting to one up his brother
Hitler never drank, and Trump can’t drink because it would kill his only braincell. But he is also known to never, or rarely, drink alcohol.
If that biopic of him was accurate, Trump can’t even hold his liquor.
Trump’s drug of choice is a drawer full of Sudafed.
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.
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
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.
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?
in last 40 years, there were 2000 weeks. 1998/2000 or 99.9% of weeks this statement was proven false.
US&A has nuclear weapons and is obviously a threat to world right now.
While that’s true, it doesn’t really contribute to the conversation or the problem at hand.
Are you implying that because the US has nuclear weapons that you’d like Iran to have them too? Because that’s the only way I can relate this back.
Remember those weapons over which US&A started the war in Iraq? They’ve probably existed as much as theirs in Iran. I don’t believe I’ve seen Iran attack anyone before it was attacked. US&A on the other hand…
I think you missed the point, which is that I think the way to handle this was Obama’s treaty before Trump dismantled it because it was an Obama accomplishment.
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 as 50% for people living paycheck to paycheck already. For the investors/ruling class, a free falling dollar does a lot more damage.
If this doesn’t devastate those fuckers I hope literally anything else does. They need to pay.
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.
Trump and Netanyahu.
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.
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
I paid $2.74 on the day the bombing started. It went up to $4.29 yesterday.
Most working Americans couldn’t tell you where the Dow is today, but every Sociopathic Oligarch knows it by the hour. But EVERY American knows the price of gas, and they’re super pissed about it.
The one thing even the mist ignorant racist American cares about is the price of gas. This is what is gonna sink trump
Removed by mod
Obvious troll is obvious. Your four day old account is full of Trump posting.
You can’t find MAGAs? I suspect that if you looked in the mirror, you’d see one.
What does maga refer to? Perhaps the people who wear it on their hats? What is this question?
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.
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.
You should check out his most recent comment if you want to laugh
LOL, thanks.
Except in this case the president directly caused gas prices to go up.
Good, let the hate flow through you.
I’m with you. You’re getting downvotes, but not from me. This is no time to be polite.
https://www.amazon.com/100pcs-Trump-Stickers-Donald-Merchandise/dp/B0DVSW4WD8
100pcs Trump I Did that Stickers Gas Pump Stickers Decal, Anti Trump Stickers, Fuck Donald Trump Mega Merchandise
5K+ bought in past month
https://www.amazon.com/Trump-Did-That-Stickers-2-5inch/dp/B0DWN53KXY
Trump I Did that Stickers, 2.5inch I Did that Trump Sticker 100PCS
10K+ bought in past month
So if each of those sticker packs has 100 stickers, and people have bought over fifteen thousand packs in the past month alone on those two Amazon items (and there are more) alone, that’s over 1.5 million gas pumps that you’d need if you were going to use just those sticker packs.
https://www.fuelexpress.net/blog/general-information/how-many-gas-stations-are-in-the-us/
As of recent estimates, there are about 160,000 gas stations across the United States.
Like, people are going to have to be putting them on in layers or something. I don’t think that there are enough gasoline pumps.
You can put them on other things too, like gas station toilets and portapotties
Donald only uses toilets to dispose of secret documents.
I don’t think that there are enough gasoline pumps.
Remember, you have to put one on both sides of the pump in many places. And then you’ve got places like Buc-ee’s with 120 pumps.
So I think you’re actually underestimating by a lot!
Yeah but it’s not the only thing he did. There’s plenty of things to stick them on
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?
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.
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.
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.
And then there is the whole inflation feeding through into Fertilizers (mainly from higher 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 indirectly push costs up through the increase in feed prices, so there’s even more delay there than for something like corn).
Just the first month of war has baked in many months of rising Inflation.
At which point gas stations will just keep prices the same as people have gotten used to it and blamed Trump for it.
“there’s absolutely nothing Trump can do to stop what he caused.”
Assuming he won’t just abandon it and make it someone else’s problem, like he does with literally everything else he touches.
