Trump causes average gas prices to skyrocket to $4.48 per gal., $5.65 for diesel. Trump is also causing jet fuel shortages.

unfortunately-it-will-get-worse-v0-joh201igmazg1.png
 

The truth about gas prices that the Trump administration hates​



Since President Donald Trump began the war on Iran in February, gas prices in the United States have risen more than $1.40 a gallon, to a national average of $4.45, according to AAA.

Mind you, this is all the opposite of the “energy independence” that Trump promised in his re-election campaign.

In many ways, the U.S. has been fortunate. Over the past decade, the U.S. has recorded huge upticks in oil and natural gas production, largely driven by the development of shale oil fracking.

The growth is such that America is a net exporter, with annual liquefied natural gas exports worth more than soybean or corn exports.

That surge has helped the U.S. weather the energy crisis kick-started by Trump’s war better than many countries dependent on oil no longer flowing through the Strait of Hormuz.

Our geographic location also has upsides: Trump’s closure of the strait hasn’t affected oil shipments arriving to the U.S. from Mexico and Canada, which account for more than 60% of U.S. petroleum imports.

But the price consumers pay at the pump is tied to the global oil market, which remains volatile. With demand for oil greatly outstripping supply, the U.S. simply doesn’t produce enough to match the millions of barrels unable to make it out of the Persian Gulf.

The countries most affected by the strait’s closure are worried about their vulnerabilities.

Europe is no stranger to war driving up oil and gas prices and was considering alternative energy sources even before Russian President Vladimir Putin attacked Ukraine.

The trend in oil futures prices suggests that prices at U.S. gas stations — like airfares — are going to be high for a while.

But the pain of watching their bank accounts drain into their gas tank may persuade more Americans that the shift away from Trump's party is worth it in November.
 
$4.54 and $5.57 and remember that we are exporting record amounts of both crude and distillates...which means Americans will pay more. Trump decided that we have plenty of crude and enough refining capacity so that America has all it needs, but he clearly does not understand how the oil market works, in a global shortage caused by America Americans pay a lot more, and Trump takes the blame.
 
Cypress said:
That's probably why Trump is begging the Iranians for a negotiated end to the conflict.
Click to expand...
The Demonic Empire has completely refused to negotiate up till now, and I dont know that this is changed.

Trump demands that Iran capitulate, which they have refused to do, and will continue to refuse to do.
 
Insider trading



A report that Iran and the US were inching closer to a peace deal sent oil prices plunging and stock indexes soaring, as some traders claimed that the false starts were starting to smell of market manipulation.

A report by Axios published on Wednesday claimed the two countries were closing in on “a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations”, amid the US-Israeli war on Iran.

Brent crude dropped from $108 per barrel to $97 after the report, before regaining some ground. The international benchmark was still down around seven percent at roughly $102 per barrel.

Just 70 minutes before the Axios report dropped, nearly $920m was wagered on crude oil short positions.

"When is everyone going to start realizing that the manic on again off again war/peace rhetoric is really just insider trading? And sprinkle in some murder,” Marjorie Taylor Greene wrote on X.

Traders clashed over whether investors should buy into a rally sparked by the Axios report, which was later repeated by Reuters and Bloomberg.

“These fake timed peace deal reports by Axios with the selling and buying that accompanies them, followed by the president then doing the inverse and Iran saying it’s a lie has been happening for weeks now,” one user wrote on X.

“I’ve never seen such in your face insider trading. Market is a casino,” they added.

One person shared a meme on X with a mother and her children in a poverty-stricken kitchen backdrop:

“Mom, how did we get so poor?” the children ask.

“Your dad fought TACO and shorted into the daily Axios pump,” the mother replied, using an acronym to describe Trump’s pattern of reversing policy decisions that cause equity prices to go down. Taco was coined by a Financial Times columnist for “Trump Always Chicken’s Out”.

Axios reported previously that Iran and the US were inching closer to a nuclear deal just before the US and Israel attacked the Islamic Republic on 28 February. That story turned out to be false, as well.

Some noted that the reports of de-escalation appeared to coincide with rising 10-year bond yields.

Rising bond yields make US government borrowing more expensive and filter down into consumer loans, such as mortgages. Bond yields rise when prices fall.

Yields have spiked amid the war on Iran due to concerns that rising oil prices will drive inflation.
 
Jake Starkey said:
Trump is rubbing his MAGA stink all over the GOP candidates, which is golden for their opponents. Rub, Trump, rub.
Click to expand...
America is post Constitutional......no matter who we elect we get John McCain....voting no long matters.

Same with Britain, they have been voting for what they want for year upon year, they even voted to leave the EU.....it never matters.
 
Hawkeye10 said:
America is post Constitutional......no matter who we elect we get John McCain....voting no long matters.

Same with Britain, they have been voting for what they want for year upon year, they even voted to leave the EU.....it never matters.
Click to expand...


I have long observed that it is impossible for any people to vote their way to freedom.

The oppressors must be confronted with blood and fire!
 
You must log in or register to reply here.
Back
Top