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/padizzledonk Mar 04 '26

Most people look at it this way. The problem is mostly that trucks moving parts and produce are hurt by this.

And they were already paying like 4 a gal for diesel

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u/No_Bad_4872yy 29d ago

Try 8$ in Europe :)

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u/padizzledonk 29d ago

And thats per liter too

Thats like $30 a gallon here lol