Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens

Bold of you to think anyone in power gives a shit about whether we can survive or not

We are not their concern.

The same way people survived much worse times. Some didn't, obviously, but it's not the end of the world. (Boy, I do hope that this doesn't age badly in the next few hours.)

Haven't you heard, [humans cost too much](https://www.theguardian.com/technology/2026/feb/23/sam-altman-openai-energy-use-datacenters): > The OpenAI boss, Sam Altman, has tried to ease concerns about how much power is used by artificial intelligence models by comparing it to the amount of energy required by human development. >“People talk about how much energy it takes to train an AI model – but it also takes a lot of energy to train a human,” Altman told the Indian Express recently while in India for the AI Impact summit. “It takes about 20 years of life – and all the food you consume during that time – before you become smart.”

No one will be able to afford to even work mwahahahahah /s

Put together a quick tool that shows how much gas prices could spike in your state if the Strait stays closed. Also has a live countdown to tonight's deadline: [https://thestraitwatch.com](https://thestraitwatch.com)

same way you did two years ago when gas was the exact same price as it is today.

As a landlord I’ll likely off set the cost by raising the rent 

The conservative sub is still gargling his balls as the god king can do no wrong, I wouldn’t ask them

"You just don't understand"

I'm wondering if this is all Trump's plan to cause enough civil unrest to the point where he can then use the Insurrection Act to cancel the midterm elections.

Oil companies are.

Great fantasy, too bad that they don't have any infrastructure to get any oil from Venezuela and won't have for a long time, and AFAIK the US *has* to sell its domestic oil abroad because their refinery capacity is configured to deal with a different type of cheaper crude oil which they have been mostly buying from Canada and Mexico. Also the "we" would almost certainly mean a few ultra-rich persons while the rest of the US keeps paying US$10/gallon or more for gasoline with no upside because of limited supply worldwide.

Even if that plan were to work out, its not the common man thats going to benefit- just oil execs and trumps friends and family.

Care home? He belongs in prison 

You want to put him in the Senate?

I wish they would, but he's still a useful patsy so they will not. They'll use him to commit the war crimes so they can keep their hands clean, then maybe after that, but not before.

Physical oil price is the price "at the pump" so to speak. So what it costs a refinery today. WTI/Brent are futures, currently June delivery. Just expanding on your comment

Futures are driven by sentiment and a not insignificant amount of wink-nodding by financial groups that want to keep panic down. When you Google oil prices, the line graphs and news articles at the top are all futures prices. You have to dig a layer or two to see real barrel trades. Either we get the TACO of all time or reality catches up real soon though.

Now if only the US didn't have a ton of tariffs on c**** Chinese electric cars.

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Do we have the same coworker? Mine said that Trump had a plan and gas prices would be under $3.00 very soon and that Iran would live happily ever after and prices would be the lowest they've ever been. Does that happen after the bombs?

Then you can party like we do in Europe! https://imgur.com/v8yjtky (USD/gallon, March 30, 2026)

The price is cruel oil per barrel, diesel also comes from cruel oil in these barrel. So the price is impacting diesel as well as petroleum and all other petroleum products (aviation fuel, plastic etc), with the Strat closed even natural gas prices also impacted.

As opposed to oil futures. Most oil is sold as a contract to deliver oil in the future; the oil being bought and sold only exists in theory at that point. "Physical oil" is specified here because it's a spot price for someone who is actually paying money to haul oil away.

Ain't nothing getting solved

If only Trumps father had pulled out.