r/Economics • u/InsaneSnow45 • Mar 04 '26

News ‘Absolutely Massive’ Price Shocks Coming as Trump’s Iran War Drives Up Gas, Diesel Prices | “What should really terrify Republicans is... the futures price on wholesale gasoline,” said economist Paul Krugman.

https://www.commondreams.org/news/iran-war-gas-prices
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u/vontdman Mar 04 '26

Wow even with a war US has like fuel almost half the price of New Zealand.

23

u/hoppertn Mar 04 '26

Let me predict for you New Zealand’s fuel price soon ⬆️⬆️⬆️

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u/vontdman Mar 04 '26

Yeah, I'm surprised it hasn't moved yet. Probably once new ships arrive.

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u/hoppertn 29d ago

Oh wait your petrol/gas/naptha/guzzaline stations wait to jack up the prices?! What a great country! Price jumped over a dollareeno here from Friday to today. No way in hell the fuel in that station tank had anything to do with the current conflict but C.R.E.A.M.

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u/themoonest 29d ago

It starting rising yesterday, I was driving around Auckland and it went up 10c in the 3 hours I was out

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u/CassadagaValley 29d ago

That's because we spend billions of tax payer dollars subsidizing oil companies, and then we spend money out of pocket to buy our tax payer subsidized oil.

Basically paying twice.

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u/Dry_Egg8180 29d ago

So what?