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.
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.
No bubble, I assume nothing. If $7.12 is the goal, then so be it!
Jesefino Muktimory is already growing a fleet of Mexican donkeys for autonomous intercity package deliveries. They are controlled by solar powered rider boxes. Its all new tech!
It’s like $3.00 in my area
Texa? Florida?
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.Renamed to “strait of America” in three… two…
Renamed [gas goes] “straight to America” in three… two…
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.
Also closing it means Iraq, Kuwait, Qatar and Bahrain have a massive shipping problem, which would really threaten those countries in such a massive way, that it could be seen as an attack on them. Not to mention that oil is shipped to countries all around the world. Basically everybody who is not an oil exporter is going to hate them for doing it.
Also Iran needs to ship oil via the straight as well. Starting some conflict around it, would really hurt their income.
Gosh, I wonder what stirred them up?
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.
Isn’t it weird that it almost feels like Iran has a better functioning democratic system than the US does?
Definitely weird, since it’s untrue.
almost
That “are we the baddies” clip is starting to feel closer and closer to reality every day.
It was looking pretty real when Ronald Reagan got in.
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.
I saw some statistic here on Lemmy the other day about how most Southern states in the US have the most like detainment or conviction or incarceration rates in the world, only followed by El Salvador.
Our government abuses our citizens so fucking much
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.
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.
My point is that you’re both monsters.
Dude, 95% of the Americans on here aren’t the problem. MAGA isn’t on Lemmy other than a few trolls.
Direct your energy at the people in power, not the random civilians you interact with.
By using this logic you can only live in an aristocracy and never a democracy.
It’s called anarchism, read a book
Or downvote, clueless dumbasses
Not disagreeing, especially as of lately…
And how do you suppose you close an entire waterway without killing anyone? You sit in canoes with a stick and tell people to pay the toll?
It’s called a blockade. And the U.S. has a long history of using it.
Which is enforced by threat of force using warships and/or troops that will ask for tolls I guess…
Doing anything more would likely get more strikes from a war-hungry US administration looking for any reason to flex. At least a passive response might get some sympathy from the rest of the world…not that they’ll jump up to do much even if the US does something else.
People sympathy never stopped any war
The war hasn’t started yet. Remember what happened when China turned off rare earth metals?
What are you even talking about!? Nobody gives a shit if they bomb or kill people. Raising gas prices will bring more military consequences in a week than you’d get for a hundred years of genocide.
Where’s that goose meme
“And how are the using that leverage”
“HOW ARE THEY USING THAT LEVERAGE”
So usually, in a fight/disagreement what have you, the opponents will use whatever leverage they have access to against the other entity. This is exactly the thing everyone said they were going to do and, surprise! They did the thing. Let’s not pretend who the aggressors here are, much like in the Ukraine fiasco. Nobody is a saint, but there is still a “bad guy” vs people just doing their thing. Not being allowed to exist because someone else says nah-uh is just… kinda bullshit.
much like in the Ukraine fiasco.
Can you explain what you mean by this?
(I know it’s silly, but the title of the next post made me chuckle - that’s is def how people will think of this & not why do we even still depend on oil.)
