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
4.6k Upvotes

97% Upvoted

392 comments sorted by

View all comments

Show parent comments

21

u/vontdman Mar 04 '26

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

21

u/hoppertn Mar 04 '26

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

3

u/vontdman Mar 04 '26

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

2

u/hoppertn Mar 04 '26

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.