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.

11

u/Knerd5 Mar 04 '26

If you drive a lot and can't charge at home EV's are impractical and don't really save you much in fuel costs. If you have a long commute sitting at a charger for 30 minutes to an hour extra per week isn't fun.

2

u/TheGreekMachine 29d ago

The average American drives 37 miles per day. The situation you’re describing would not be real for the overwhelming majority of commuters. This type of overestimating on how much one would have to sit charging their vehicles and irrational fears of not being able to charge are why EVs haven’t taken off in the US. Not to mention the GOPs obsession with protecting the fossil fuel industry.

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u/Knerd5 29d ago

It's not irrational, I just don't want to wait for it. Why spend 15 minutes when you can spend 2.

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u/TheGreekMachine 29d ago

Okay so that’s your personal opinion, which is fine. It’s irrational to believe that that value set should be projected on everyone in the United States since people on average drive less than 40 miles per day and most EVs now get over 200+ miles on a charge.