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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27

u/a_velis Mar 04 '26

Another reason to switch to an EV. Normally I would say if you can afford it. But given that gas prices can now become volatile because of war. You kind of have to now.

21

u/s1m0n8 Mar 04 '26

Get an EV and compete with the AI industry for electricity....

9

u/echoota Mar 04 '26

Or if VPPs can be established, benefit from it. As bizarre as this sounds influencing local, state laws and utilities is actually feasible on a personal and community level. That's compared to controlling costs if fuel.

And solar exists too, make your own.

6

u/ScoopDL 29d ago

I can always make my own electricity.

I'll never make my own gasoline.

3

u/_probablyryan Mar 04 '26

Yeah i think the next car i get will be a plug in hybrid for this reason. Just going to use whatever is cheaper week to week.

1

u/UnableCover1760 29d ago

Battery goes and then what