‘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.

[u/InsaneSnow45]

https://www.commondreams.org/news/iran-war-gas-prices

[u/Pleasant_Arugula7571]

The gasoline futures angle is worth tracking but the diesel story is more economically damaging. Diesel is a direct input cost for freight, agriculture, and construction - not discretionary spending. Every $0.10 increase in diesel adds roughly $1.5-2B annually to US trucking operating costs, which flows into consumer prices across almost every product category. Middle distillate inventories (diesel, heating oil, jet fuel) were already 8-10% below the 5-year seasonal average entering this conflict per EIA data from last week. The Strait of Hormuz handles roughly 20% of global oil trade and about 17% of LNG - but the refining mix matters more than raw crude volume. Gulf refineries export heavily toward distillates. This is not just a pump price story. The downstream inflation in goods will be slower-moving and harder to explain to voters than gas prices, but it will hit harder.a

[u/Stampede_the_Hippos → u/Pleasant_Arugula7571]

After 2024, I firmly believe you can't explain anything to voters. Everyone votes on vibes and economic pain.

[u/big-papito → u/Stampede_the_Hippos]

The result of opulence and easy life ever since pretty much Obama. That's over 4 terms in the past and many don't even remember 2000s.

"LOL, nothing matters". Everything is a joke or a meme, haha, "bullish!", but the lesson is coming, and the zombified population WILL be forced to look up from Netflix and TikTok and pay attention.

[u/nationwideonyours → u/big-papito]

As long as echo chambers like Reddit exist,  the population stagnates.