Gas is already at $5.50. So when will we reach $10 a gallon like real Europeans?
What’s crazy is that the morning bell saw gas prices fall 9% from Friday, largely on the expectation that the Iranian response will be more limited than previously expected.
Even after a month long climb, oil topped off at $70/bbl, well below the $100-$120/bbl peaks of the last decade. This is in no small part because of a steady decline in global demand for oil over the same time period. Contractions in the post-industrial economies combined with industrial efficiency gains and green alternative investments have put a soft ceiling on the price of fossil fuels.
More supply disruptions illustrating the unreliable nature of international fossil fuel trade will likely accelerate demand for localized alternatives. And that means more investment in green and nuclear power, particularly in the big industrial consumers of India and China.
It’s like $3.00 in my area
A gallon is 3.79 litres. Meaning that gas in your place is 1.45 $/litre. Gas here is currently 1.65€/litre (depending on octan grade, this is for 90 oct) or 6.26€/gallon or 7.12$/gallon at the current exchange rate.
Sorry to burst your bubble but prices aren’t that different anymore - and these are German prices with quite hefty taxation
I just filled my tank up for $2.7somthing/gallon at costco today.
They don’t do it yet.
The parliament simply endorsed it. The final decision lies with their security council
While Iranian state media reported that the parliament had agreed to endorse blocking the strait, the decision ultimately belongs to Iran’s Supreme National Security Council.
They’re using what little leverage they have, and for once, without bombing or killing people. Surprisingly rational. Still a shitty regime, especially the way they treat their own citizens, but anyways…
Do Americans think themselves better for how they treat their own citizens? Because they lock up more of their own than even North Korea.
25 people were executed in the US last year. At least 975 people were executed in Iran.
The US population is about 3.7 times that of Iran.
Maybe the death penalty is a good deterrent after all. If your point is the Iranians are more liberal with how they deal with crime, I don’t think that’s valid.
Two things can be true at once. Telling an American they aren’t allowed to criticize any government in existence because their own is also bad is asinine.
Geopoitically, the strait of Hormuz is sided by Iran, the United Arab Emirates and Oman.
Iran can’t just close the strait without implicating the others.I disagree, they can close the straight because missles.
However 100% of Iranian oil goes through that straight so what they are doing is reminding us not to blow up Khargg island.
There are no international waters in the “straight” (even.if there were), it would implicate other countries so, no, they can’t just close it without implicating others.
