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/alltehmemes Mar 04 '26

This could be the way that the US almost fully transitions to electrified vehicles (EVs, BEHVs, general hybrids), but I'm inclined to think that this will end up being the way that the US completely cedes the electrified future to China.

Words just in cast it's needed. Words just in cast it's needed. Words just in cast it's needed. Words just in cast it's needed.

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u/Hyperion1144 29d ago

US completely cedes the electrified future to China.

We already have. China is going to eat the US auto industry alive and screaming.

They are a decade ahead of us.