Imagine What Gas Would Cost If Trump Didn’t Call Off The Attack
One of the first things I see mornings driving to work is a gas station. I note the price. We’ve seen a gradual drop after a one dollar a gallon increase that occurred over a period of a few months.
When the Iranian military downed a U.S. drone there was a spike in oil markets. I didn’t see a pump increase as of 3:00 A.M., Friday, although. Things could’ve been much worse this morning. Maybe we’ll still see a shooting war or just a few missiles lobbed at Iran. If that happens, I could foresee 5 dollars a gallon. At least for a few weeks.
If that happens, I could foresee 5 dollars a gallon.
I base this on memories of the first Iraqi War. It didn’t last long but there was a massive increase in gasoline costs. Within a couple of months the price dropped to pre-war levels.
It’s not comfortable but there’s evidence even with plenty of oil available around the world and at home, even minor disruptions will cause wild swings in what a barrel of oil will fetch.
Anyhow, the weather is good right now. Biking is an option through the summer.