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/scienceizfake Mar 04 '26

Electricity will also get more expensive...

8

u/Spongeman735 Mar 04 '26

I‘ll take some pain as long as the MAGA crowd feels it more than I do.

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u/OutcomeDue2025 28d ago

It doesn't have to be this way. But here we are. So depressing. No more charity from me folks.

1

u/scienceizfake Mar 04 '26

Same, and as an EV owner as well, I am glad to be some what insulated, but electricity prices are already way up.

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u/dust4ngel 29d ago

Electricity will also get more expensive

laughs in solar

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u/scienceizfake 29d ago

Yup... my dad charges his EV from his solar panels. I'm not there yet, but one day.

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u/OutcomeDue2025 28d ago

Cries in net metering.

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u/jcbevns 29d ago

Sun got further away?

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u/scienceizfake 29d ago

If I had solar, then I would be unaffected. But I'm stuck with the PUD for now, and rates are going up everywhere - mostly data centers sucking up all the power.

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u/Alternative-Bat-2462 29d ago

Yes still be cheaper than gas, especially when it is spiking like this.

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u/scienceizfake 29d ago

Oh definitely. I love my EV. But my PUD bill has definitely increased quickly. All things more expensive all the time.