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flashman13

(2,445 posts)

10. The nation wide average price for a gallon of regular gas is just shy of $3 with a barrel of oil at $50.

Reply to BumRushDaShow (Original post)

Sun Mar 1, 2026, 12:42 PM

Mar 1

If oil was to double to $100 barrel, that would boost the price at the pump to an average of $6 per gallon. That is roughly what happened during the 1973 oil embargo.

That sounds like some pretty serious inflation. Especially when you consider the price of fuel is reflected through out the entire economy. Yes, the price of eggs will rise.

So we are looking at two major campaign promises made by Trump, low inflation and no wars, spiral down the drain. Even the stupidest MAGAts can figure that out. Trump's mindless attack on Iran could be the end of Donny, MAGA, and the Republican party as a whole. This could result in the midterms being the largest political realignment in American history by a wide margin.

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republianmushroom

24 replies

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Highlight:

$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock [View all] BumRushDaShow Mar 1 OP

Somehow I doubt a 2020's oil shock will go so well for Orange Julius as the 1973 oil embargo did for Dick Nixon Vogon_Glory Mar 1 #1

Agreed. paleotn Mar 1 #6

I'm glad I went electric n/t Polybius Mar 1 #2

I'm glad I don't drive much! moonscape Mar 1 #24

Yeah, but we have all that Venezuelan oil Bayard Mar 1 #3

Forget the sarcasm emoji? paleotn Mar 1 #7

I didn't think it was necessary, but okay Bayard Mar 1 #9

Considering the situation in Venezuela too, maybe MAGA wants higher oil prices? IronLionZion Mar 1 #4

That last part. Exactly. paleotn Mar 1 #8

Yes. nt wiggs Mar 1 #12

It's times like this, I'm glad I work from home Javaman Mar 1 #5

The nation wide average price for a gallon of regular gas is just shy of $3 with a barrel of oil at $50. flashman13 Mar 1 #10

The correlation is superficial, the price of gas is based more on demand and Mosby Mar 1 #13

If a barrel of oil costs $100, producers can not sell gas for $3 a gallon. That's a fact. flashman13 Mar 1 #20

I did fill up, at costco. Mosby Mar 1 #21

Same here. Costco price was $2.79. flashman13 Mar 1 #22

trumps is hoping this happens prolong Hormuz closure republianmushroom Mar 1 #11

But that's ok BaronChocula Mar 1 #14

The United States is an oil exporter. Mosby Mar 1 #15

How about I waste NO time BaronChocula Mar 1 #16

"So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States." BumRushDaShow Mar 1 #17

The official story Mosby Mar 1 #18

I was born and raised in the city that had the largest number of oil refineries on the east coast BumRushDaShow Mar 1 #23

It just hit over $5.00+ a gallon here CountAllVotes Mar 1 #19