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submitted 2 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East ​worsened, setting up a key test of public approval of President Donald ‌Trump's decision to attack Iran, analysts said.

Tehran's retaliation in response to U.S. and Israeli strikes has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, ​a key global trade route. Oil prices have surged, with Brent crude rising ​more than 5% to nearly $77 per barrel, and fuel prices moving ⁠up in tandem with the feedstock costs.

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[-] Rentlar@lemmy.ca 84 points 2 months ago

"We did that!" - Trump and Kegsbreath

[-] Bieren@lemmy.today 76 points 2 months ago

Where's all those "I did that" stickers?

[-] JustAnotherPodunk@lemmy.world 34 points 2 months ago

I still have some trump ones in a drawer somewhere. Pissed off half the damn town last time I broke them out. Though they never knew who did it!

[-] Tempus_Fugit@lemmy.world 41 points 2 months ago

Yup, it jumped from. $2.90 to $3.50 near me today. I knew this would happen, glad I filled up yesterday.

[-] Treczoks@lemmy.world 38 points 2 months ago

Oh, bohoo. Those American gas guzzler riders would probably have a nervous breakdown at a European fuel station.

[-] thatKamGuy@sh.itjust.works 14 points 2 months ago

We have too many damned US-style “trucks” here in Australia now.

Our fuel prices have just crossed the equivalent of $5 USD/gallon ($1.90 AUD/litre); it will be interesting watching people squirm at the petrol pumps when the price inevitably increases another 50% or so.

[-] Treczoks@lemmy.world 4 points 2 months ago

We are currently at €1.85-1.90 here. The Dutch got it worse, IIRC they are at €2.60+ per litre.

[-] FatVegan@leminal.space 5 points 2 months ago

War really is bad. My fuel is expensive now 😢

The gull of these Fucking terrorists

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[-] P00ptart@lemmy.world 35 points 2 months ago

Bitch, I haven't seen $3 gas in a decade.

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[-] bearboiblake@pawb.social 31 points 2 months ago

This is one of Iran's main goals, IMO. They need to get the US to back down through domestic and diplomatic pressure. This war is already unpopular, but gas prices increasing will affect people who otherwise don't give a shit about the morality of the situation, which is unfortunately quite a lot of US Americans. Hitting the wallet of the MAGA voter is fundamental.

[-] IronBird@lemmy.world 10 points 2 months ago

the US mostly self sufficient with oil, big oil wants this war so they can make extra stupid money gaming the oil futures markets.

once you've reached end-stage capitalism, where there's no real room for organic growth, all that's left is rent-seeking and smashing windows to "increase liquidity" in the markets (from sane/smart actors who have to hedge, even if they do know it's all a game). the ones who don't see the full picture or are over-leveraged go out of business and act as distressed assets to be bought out by established players.

this is what republicans do every time they're in power, they're abject disaster capitalists, proud in their cruelty.

[-] bearboiblake@pawb.social 13 points 2 months ago

the US mostly self sufficient with oil

Yes, but they aren't completely isolated from changes in wholesale oil prices, if the price of oil goes up, the shale oil producers in the US are going to increase their prices too because they can, no?

I agree with everything else you wrote!

[-] RaoulDook@lemmy.world 4 points 2 months ago

I watched some local news yesterday where they covered the various explosions across the Middle East. They discussed the activity, the damage, the losses of life.... then they pivoted to a local news reflection on what this all would mean for us at the gas pumps. "Gas prices expected to rise" as the chief takeaway for us to ponder how it affects us, immediately after discussions of hundreds of human beings being literally exploded. Makes me sick.

[-] Fedizen@lemmy.world 31 points 2 months ago* (last edited 2 months ago)

Really hoping it gets up to $10 a gallon. Fuck all the SUV owners and the AI companies.

[-] jumjummy@lemmy.world 8 points 2 months ago

Uh, do you realize that with costs like that EVERYTHING will get more expensive? Every single good you buy anywhere has fuel costs baked into their price.

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[-] SaveTheTuaHawk@lemmy.ca 8 points 2 months ago

It is fun to watch them tear up at the filling station.

[-] TammyTobacco@sh.itjust.works 8 points 2 months ago

I filled up my hatchback for like $25 a week ago, and the f250 next to me spent $65. It's going to get hilarious soon.

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[-] Nusm@peachpie.theatl.social 24 points 2 months ago

But thank goodness eggs are cheap! Ammiright?!

[-] pi3r8@lemmy.world 20 points 2 months ago

Price of fuel in the USA always shocks me. Closer to $8 a gallon here in the uk.

[-] the_armchair_potato@lemmy.world 18 points 2 months ago

That's $1.08/L CAD. Think about that Canadians. They are complaining because their gas went up to $1.08/L 😆😅. Fuckers have no idea how good they have it. And kinda puts a spotlight on how things are here in Canada....4th largest oil producer in the world 🙄

[-] samus12345@sh.itjust.works 23 points 2 months ago

Yeah, but you guys pay more because it includes taxes which go towards things like health care. We pay way more when you take into account what we don't get.

[-] ILikeBoobies@lemmy.ca 5 points 2 months ago* (last edited 2 months ago)

US has gas taxes pay for roads.

Canada pays for roads through other taxes so that even people who don't use them pay.

Canada sends our oil to the US and then buys it back. That makes up a lot of the difference.

[-] Traister101@lemmy.today 4 points 2 months ago

In theory, but the gas tax isn't anywhere near high enough for that so most of the money ends up coming from property taxes which ironically also aren't high enough in the suburbs so they siphon money away from citities to pay for it

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[-] samus12345@sh.itjust.works 18 points 2 months ago
[-] TronBronson@lemmy.world 18 points 2 months ago

I haven’t seen gas under $3 since Biden was around

[-] dude@lemmings.world 7 points 2 months ago

It was always more expensive in California. I don’t know why but when I visited the US, I was quite shocked to see how big the price difference was between California and literally all the other states I’ve been to

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[-] WhyIHateTheInternet@lemmy.world 16 points 2 months ago* (last edited 2 months ago)

Welcome to California suckers!

Actually I'm still paying nearly $5, but everyone is catching up.

I suspect we will continue outrunning them though.

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[-] LordCrom@lemmy.world 14 points 2 months ago

What's always funny is that pipeline interruptions don't really affect supply for many weeks. This is just panic pricing.

And as always, prices go up instantly but takes months to drop back down.

[-] how_we_burned@lemmy.zip 4 points 2 months ago* (last edited 2 months ago)

I was talking to the owner of an independent petrol station the other day who's petrol is usually a good 30% cheaper then the big chains.

I straight out asked him how he was able to consistently out compete them like this. He laughed and said it was because he wasn't greedy. He explained it was straight up greed at the retail level. Especially jacking the price up whenever the news said that oil prices had gone up.

[-] mctoasterson@reddthat.com 9 points 2 months ago

Hmm, good thing I drive an EV and live somewhere the electricity costs 15 cents / kWh.

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[-] InvalidName2@lemmy.zip 7 points 2 months ago

Weird that affordability has never been worse (in my lifetime), inflation is not under control for actual necessities (like groceries), and yet there's not Trump "I did that" stickers all over the place. Wonder why those people who put out all those Biden "I did that" stickers, practically everywhere, don't care now. What happened to them? Hmmmm, guess the world will never know.

[-] afromustache@lemmy.world 4 points 2 months ago

They have unparalleled cognitive dissonance skills

[-] fluffykittycat@slrpnk.net 7 points 2 months ago

I welcome high gas prices

[-] MintyFresh@lemmy.world 6 points 2 months ago

I wonder what the price would be without subsidies.

[-] Bronzebeard@lemmy.zip 6 points 2 months ago

It jumped 20¢ overnight when this shit started at my nearest gas station

[-] Buffalox@lemmy.world 6 points 2 months ago

Nice bit of sunshine today where I live, so I'll charge our EV with surplus power from our solar panels. 🤣

[-] FatVegan@leminal.space 3 points 2 months ago

Well yeah, but it doesn't make a loud vroom vroom noise, therefore you're gay

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[-] Pat_Riot@lemmy.today 4 points 2 months ago

$3.39 for 87 octane this morning in lower piedmont of Georgia. Should have topped off leaving work yesterday when it was still $2.78.

[-] MrSulu@lemmy.ml 3 points 2 months ago

The non-millionaire class (vast majority) are considered to be irrelevant in this game of making the wealthiest weathier.

[-] Uranus_Hz@lemmy.zip 3 points 2 months ago

Those are rookie numbers. You’re gonna have to pump those numbers up.

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this post was submitted on 02 Mar 2026
466 points (100.0% liked)

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