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submitted 2 weeks 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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[-] Bieren@lemmy.today 19 points 2 weeks ago

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

[-] JustAnotherPodunk@lemmy.world 8 points 2 weeks 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!

[-] Rentlar@lemmy.ca 16 points 2 weeks ago

"We did that!" - Trump and Kegsbreath

[-] Tempus_Fugit@lemmy.world 13 points 2 weeks ago

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

[-] BarneyPiccolo@lemmy.today 4 points 2 weeks ago

$2.75 to $3.19 today. I'm betting on $3.75 by the end of the week.

[-] mbp@lemmy.sdf.org 1 points 2 weeks ago

Do you live in Alaska? It went from 3.80 to 4.40 overnight here in Oregon.

[-] P00ptart@lemmy.world 12 points 2 weeks ago

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

[-] bearboiblake@pawb.social 7 points 2 weeks 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 2 points 2 weeks 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 3 points 2 weeks 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!

[-] Nusm@peachpie.theatl.social 5 points 2 weeks ago

But thank goodness eggs are cheap! Ammiright?!

[-] mctoasterson@reddthat.com 5 points 2 weeks ago

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

[-] WhyIHateTheInternet@lemmy.world 5 points 2 weeks ago* (last edited 2 weeks 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.

[-] Kolanaki@pawb.social 3 points 2 weeks ago

Came here to be like "fuck I wish it was down to $3/gal out here..."

[-] vaultdweller013@sh.itjust.works 1 points 2 weeks ago

It's like 3.90 something at the closest 3 gas stations near me. But they are currently in a bit of a price war so...

[-] bearboiblake@pawb.social 2 points 2 weeks ago

It's $6 a gallon in the UK, I think a good chunk of that is tax/duty tho.

[-] HubertManne@piefed.social 4 points 2 weeks ago

gas has been incredibly cheap and I think this is one thing that has kept us going over the last year. 8 bucks a gallon would be where it would be to be close to where we were post 9/11.

[-] ArgentRaven@lemmy.world 5 points 2 weeks ago

In what location? In the US, directly after 9/11, has was pegged at .99/gallon because Bush made some kind of deal with oil execs. But they did raise it eventually. Not to 8/gallon though. Unless you're speaking of Europe?

[-] HubertManne@piefed.social 1 points 2 weeks ago

no it went over 4 which would be well in excess of 8 nowadays

[-] Pyr_Pressure@lemmy.ca 5 points 2 weeks ago

Close, but not quite. Still impressive that a mere 25 years almost halves your money's value though.

If you had $10,000 cash in your mattress you would have less than $6000 now.

[-] InvalidName2@lemmy.zip 4 points 2 weeks 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 3 points 2 weeks ago

They have unparalleled cognitive dissonance skills

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

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

[-] MintyFresh@lemmy.world 3 points 2 weeks ago

I wonder what the price would be without subsidies.

[-] Knock_Knock_Lemmy_In@lemmy.world 2 points 2 weeks ago

Didn't Trump take over Venezuela to bring oil below $55?

[-] M0oP0o@mander.xyz 2 points 2 weeks ago

That is the fun part, trump never took over Venezuela just came in and killed the leader. Just like Iran has not been taken over.

[-] Haquer@lemmy.today 1 points 2 weeks ago
[-] M0oP0o@mander.xyz 1 points 2 weeks ago

Fair enough, not really better but for sure weirder.

[-] Treczoks@lemmy.world 1 points 2 weeks ago

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

[-] LordCrom@lemmy.world 1 points 2 weeks 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.

[-] the_armchair_potato@lemmy.world 1 points 2 weeks 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 1 points 2 weeks 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 1 points 2 weeks ago* (last edited 2 weeks 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 2 points 2 weeks 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

[-] Bronzebeard@lemmy.zip 1 points 2 weeks ago

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

[-] Trudge@piefed.social 1 points 2 weeks ago

came here looking for the 

Who the fuck cares, this is such an unimportant and overused talking point

but, no. and so:

WHO THE FUCK CARES, THIS IS SUCH AN UNIMPORTANT AND OVERUSED TALKING POINT. 

[-] fluffykittycat@slrpnk.net 1 points 2 weeks ago

I welcome high gas prices

[-] samus12345@sh.itjust.works 1 points 2 weeks ago
[-] pi3r8@lemmy.world 1 points 2 weeks ago

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

[-] TronBronson@lemmy.world 1 points 2 weeks ago

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

[-] dude@lemmings.world 0 points 2 weeks 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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[-] Fedizen@lemmy.world 0 points 2 weeks ago* (last edited 2 weeks ago)

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

[-] jumjummy@lemmy.world 2 points 2 weeks 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.

[-] WindyRebel@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks ago)

Hmm.

I own a 2015 Hyundai Sonata (base model) which is a sedan, not an SUV. The gas tank capacity is 18 gallons.

I also own a 2025 Subaru Forester (Premium model), which is an SUV and has a gas tank capacity of approximately 17 gallons.

Difference is roughly the same between a sedan and an SUV and both use 87 octane.

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this post was submitted on 02 Mar 2026
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