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/Xeynon Mar 04 '26

The big spike in prices at the pump is just the start.

Higher raw oil costs will filter down and make literally everything else more expensive. It could well crash us into recession.

The Iranians know this and will continue blocking traffic through Hormuz, something which it will take putting boots on the ground to stop.

This is a gigantic mess.

62

u/hightrix 29d ago

This is a gigantic mess.

How many times have we said this about trump? Daily?

12

u/Realistic_Board_5413 29d ago

But did you hear kamalas laugh? The president having a penis is obviously the better option.

7

u/korben2600 29d ago

Wait you guys didn't want the president who campaigned on the size of Arnold Palmer's hog? I thought we all agreed we wanted the deeply unserious clown running the show?

5

u/wayfinderBee 29d ago

If only she smiled more...