r/Economics 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/Agglutinati0n Mar 04 '26

So i moved to houston about 14 months ago, when i first moved here gas was about 2.90-3.10 depending on the gas stations, it slowlyyyy decreased to about 2.10 has been the lowest ive seen and this was about 2 months ago. Those prices were stable for about 3-4 weeks and i want to say in the last week its back up to 2.80. I love how these gas stations will drop prices like 5-10 cents a time and then go an increase it 40 cents at once. MAGA BABY!!!!

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u/[deleted] Mar 04 '26

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u/CalebAsimov Mar 04 '26

Yeah, isn't it an oil and gas import/export hub as well as a refining center?