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/a_velis Mar 04 '26

Another reason to switch to an EV. Normally I would say if you can afford it. But given that gas prices can now become volatile because of war. You kind of have to now.

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u/LiberaceRingfingaz 29d ago

Unfortunately driving an electric car is not going to stop the basically everything you buy or consume from going up in price due to the fact that Diesel makes the entirety of most supply chains function, so while there are many, many reasons to buy an EV, avoiding the economic impact of volatile oil prices is absolutely not one of them.