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News & Current Events May 7, 2026 at 12:50 PM

Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing

Posted by DoubtSubstantial5440


Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing
the Guardian
Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing
State can meet fuel demand for next six weeks with its current supply, says energy commission vice-chair. Plus, alleged Epstein suicide note unsealed by federal judge

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Tomdoerr88 4 days ago +788
What’s crazy is that we know everything will rise in price using gas as either the reason or a scapegoat, but when gas prices settle down again those other prices will remain exactly where they are. It’s almost like this was the plan all along
788
Traditional-Goat1773 4 days ago +262
They did it with food now it’s gas
262
robby_synclair 4 days ago +172
Food is delivered by truck. Food prices are going to spike again
172
ProsaicPugilist 4 days ago +85
Plus fertilizer costs…. Ooooh boy
85
Oregon-Pilot 4 days ago +136
Almost like electing a f****** moron was a bad idea. It’s so maddeningly unfair that we have to suffer because of how stupid 2/3 of the voting population is.
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foetus_smasher 4 days ago +23
People have always been stupid. What's changed is that the ones with power no longer feel like they need to mask
23
bcb0rn 2 days ago +11
How about all of us not even in your country. Literally the world is suffering because of those 2/3rds.
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Oregon-Pilot 2 days ago +3
I know, its such bullshit. Not trying to excuse it, but I see a lot of discussion by people who don't live here about how we aren't doing enough. Our country is completely owned by big corporations, who are allowed to grow to immense size and influence because they pay off shit-ass greedy politicians who pave the way for them through policy decisions that will favor them. Its a vicious feedback loop. The EU, for example, actually does things to protect consumers and people, where in the US, f*** the people, just make sure corporations are extracting every last penny that they can. And of course, we're all handcuffed in what we can do about it because things like health insurance are tied to employment so we have to continue to show up, and work itself rules our f****** lives 8-5, 5 days a week, with *maybe* 2 weeks off per year, so we have very little time to devote to anything but work, let alone being able to protest. Very few jobs are union protected, so if you do step out of line, you're fucked. Social media and AI has melted our minds, and it feeds people all sorts of bullshit information, keeping them salivating over Donald Trump and his cronies. I spent 2 hours looking into the politicians for a mostly local vote that we have coming up this month, and any one of them for which I smelled a *whiff* of Republicanism, I voted against them. Its actually sad how this is pretty much all we can do about all of this - filling in a bubble on a paper ballot. And even that may not work anymore, since GOP politicians and judges clearly don't give a single f*** about election integrity or listening to the people. Its f****** bleak.
3
whynotjoin 4 days ago +6
And not just the direct increase from the fertilizer itself, but the cost creating reduction in overall food supply because of the timing of all this. Some farms have already determined a planting may not be worth it because of those fertilizer costs (and potential uncertainty for costs/availability)- so even if fertilizer costs came down tomorrow those seeds will never go in the ground which also further contributes to higher food prices.
6
amateur_mistake 4 days ago +13
This one will be food again too. And everything really, since it's all shipped around using gas.
13
xX420GanjaWarlordXx 4 days ago +14
They're just going to keep doing it. They want to destroy any hope of having a middle class in this country.
14
Elberik 4 days ago +1525
Prices are about to get really interesting. Even if the oil keeps flowing it's going to be at the new, higher, prices. Better figure out who among your friends and family are good for carpooling.
1525
Sharp-Calligrapher70 4 days ago +338
Even if a peace deal were reached today and ships began transiting tomorrow…it will be over two months before supply lines are restored to pre-war capacity. In the meantime, everything from groceries to MAGA hats will feel the burden of the higher transportation costs which will be passed to the consumer. Higher costs at the pump are just the leading indicator. We won’t really feel the full impact of this stupidity until after August. 
338
Reddragonsky 4 days ago +152
Even with a peace deal today, we wont go back to pre-war capacity; we do not know the extent of the refining capacity damage. If it is anywhere close to the French report a while ago (30-40%), we are screwed for years. More tankers will flow through, but not pre-war amounts and/or production.
152
Sharp-Calligrapher70 4 days ago +82
That is true. The IRGC and current government leaders were never going to go down without a fight. They were…and still are…more than willing to set the world on fire before giving up control. Perhaps our leaders should have thought of that before going into a war with the focus on creating headlines rather than sound foreign policy. 
82
shouldbepracticing85 4 days ago +70
>willing to set the world on fire before giving up control. Sounds like Trump too. We’re stuck between a rock and a stupid place. 🤦
70
Sharp-Calligrapher70 4 days ago +9
I wish I could disagree with you…[sigh]…but I can’t. 
9
jjwhitaker 3 days ago +8
He the power to destroy something is power over that thing, Dune says. In this case it may be partial but Iran has destroyed 30%+ of oil defining from extraction to shipping finished product. That isn't going to come back in the next 5 years, even with an actual stable peace deal like Obama already made. That deal has legit criticism but was working close to intended. Or at least better than Trump has managed now over 10 years later.
8
wesap12345 3 days ago +2
Might be a stupid question but has this not already been priced into the price of fuel now - for the filling up argument Like is it worth filling up now because it’s going to get even more expensive with the above - or is that already priced in?
2
No-Meet-5596 2 days ago +5
Tomato’s are $5 a pound at Safeway today. I’m so glad we started the war in Iran and deported the people who pick our food. /s I don’t know how much more of this winning I can afford.
5
Dhiox 3 days ago +8
Plus, even if costs go back to prewar, the corps will use this as a way to just keep the prices high and pocket any later savings
8
Dukwdriver 4 days ago +13
Add to that, we're already half through the strategic oil reserve.     So that will stop buffering prices in a couple months at current rates.
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DoubtSubstantial5440 4 days ago +479
Bought a hybrid right before the election, half because I suspected at the time this country is stupid enough to reelect Trump, best purchase Ive ever made as I only refuel once a month if I stick to city driving
479
Politicsboringagain 4 days ago +213
I wish I just went with my gut in 2024 and bought an electric vehicle, but my wife wanted a gas car so I convinced her to get a hybird. Its great but at times like this electric would be better. 
213
DoubtSubstantial5440 4 days ago +169
The only thing that stopped me from going full EV was that charging infrastructure in my state is pretty much nonexistent
169
illigal 4 days ago +130
Home charging is the game changer here. Once you have an EV and charge at home, you forget that cars need to “refuel”. You get home, and you just plug in your car like you do your phone, laptop, etc. and in the morning it’s fully charged and ready to go.
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Bagellord 4 days ago +60
I'd love a plug-in vehicle, either hybrid or full EV. But I live in an apartment so I have nowhere to charge.
60
wyatt_cat 4 days ago +33
Apartments with charging infrastructure are starting to become a thing in some cities. It probably won't change anything in the near term for you, but it'd be worth shooting a message to the manager of your apartment complex mentioning your interest in electric car chargers. The more people that start asking for this, the more common it will become.
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Bagellord 4 days ago +15
Yep. I've seen it advertised in larger cities. There are garages for rent, but unless I got lucky it would be fairly far away from my actual apartment, which would be inconvenient. I also remember seeing someone who ran a cable from one of their windows to their car... They had to quit doing that after a lawn care guy almost got it with the mower (dark colored cable in grass isn't wise). But an electric car would be perfect for my use.
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420_med_69 3 days ago +5
Only issue here, is that those apartments are normally a good chunk above median price. Prices many out of that setup.
5
Wandering_Weapon 4 days ago +3
That's going to make apartment prices skyrocket
3
Guaranteed_Error 4 days ago +4
Not necessarily. My old apartment complex installed a couple of chargers on the far end of the lot, and rent didn't increase any more than it had in previous years.
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NUMBerONEisFIRST 4 days ago +14
I live in an apartment so I had to get a hybrid
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illigal 4 days ago +6
Absolutely agree with your choice. I have two older EVs so they charge slowly. If I didn’t have home charging, a hybrid would be my choice.
6
JPtheGameMaster 4 days ago +17
Yup. Bought an Outlander PHEV just about 1 month ago. I've had to refuel once, after a road trip for a concert. Other than that, I'm charging off my outlet. Even with just the included level 1, %95 of my needs are fully covered. Charging 0-full costs me under 2 bucks and buys me +80kms range, give or take 50 miles. Gas price for same range in my itty bitty civic, easy $10-16 bucks, depending on price for the day. Meanwhile my neighbors are all crying every couple days filling up on go juice.
17
Strange-Movie 4 days ago +10
“80kms of range, give or take 50miles (80km)” So sometimes it’s zero? Im really uncertain what you were actually trying to say
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wuzzum 4 days ago +3
it’s 0 when they forget to charge 
3
illigal 4 days ago +3
Exactly. I have two EVs as primary daily drivers and they both do about 10K miles a year. I’m a car guy so I also have several ICE cars of the… less efficient variety (large V8 car and V10 truck). And the cost per mile difference is just ridiculous. Yet I have plenty of acquaintances that drive such thirsty cars and trucks daily!
3
lurkertiltheend 4 days ago +3
Ok since you’re a car guy I hope you don’t mind if I ask. I have a family of 5 (3 teens) so need a third row. Which hybrid is best?
3
illigal 4 days ago +12
Wrong type of car guy. I can recommend two seaters that will push your eyeballs into the back of your skull with acceleration 😉
12
redditydothis 4 days ago +6
And once you get solar panels on your house then “gas” becomes essentially free. And if you take consideration that the power for your car is not free then your payback period goes from 10ish years to 5. So in 5 years you have completely paid yourself back and now you have free power and “gas” for 25 more years (because after 30 years the panels are only 70-85% effective).
6
ArchdukeToes 3 days ago +3
Yeah. Two people at my work have houses, batteries, and EVs and it works great for them - and this is in the UK where petrol prices are much greater.
3
catashtrophe84 4 days ago +3
I'm not American (I'm Canadian) and just switched to an EV in March. I love the home charging option, my car is always topped up.
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gcm6664 3 days ago +3
Not only do I forget, I absolutely loathe having to stop at a gas station when driving a gasoline powered car.
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wo_lo_lo 3 days ago +3
Correct, it’s changed my entire life for the much much better.
3
valerusii 4 days ago +7
If you can charge at home, infrastructure is meaningless except for road trips
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Electricfox5 4 days ago +14
Electricity prices are going to start creeping up sooner or later though since like 30% of US power comes from oil and gas.
14
Feralogic 4 days ago +21
Give yourself a break. I'm surrounded by folks driving lifted 110k monster trucks, to go through the Dunkin drive through. You are in an infinitely better position! Any steps towards lowering gas use is saving money. We have entire dealerships with nothing but massive trucks and SUV'S. I've always wondered what all these folks buying 100k Emotional Support Vehicles would do if gas hit $5 again? I guess we'll all find out, now. Sigh. 
21
Alwayssunnyinarizona 4 days ago +10
They'll lash out at everyone, perhaps even violently, before acknowledging they make terrible personal decisions. We're long past any sort of introspection with these people.
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Golden-Rule-2024 2 days ago +3
Emotional Support Vehicles.......learned a new funny today. Love that.
3
tediousdetails3 4 days ago +17
I paid $37 in electricity to fill up my Mustang machE last month. We drive about 25 miles a day. I also absolutely love the car. Going back to a combustion car feels outdated. Seems like old technology.
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mikebootz 4 days ago +9
I’m with you. EV’s are going to win out because it superior technology. Once people can find a way to make it work, I think they won’t go back.
9
MrWeirdoFace 4 days ago +4
My current ride is 19 years old and the newest vehicle I've ever owned. I like the idea of an electric vehicle (I even have 200 watts of solar on the roof of my van), but I'm hearing horror stories of everything on digital screens with subscriptions. Do they make EVs that are stripped down like normal cars with knobs and such, no subscriptions, etc? I'm a bit in the dark here. If so, any recommendations?
4
ffnnhhw 4 days ago +8
don't worry! you can't avoid digital screen and subscription for new ice car too /s
8
SenselessNoise 4 days ago +2
I have an EV6 and the only subscription is for controlling it via a phone app, which is completely optional. The only makes I've seen with subscriptions for the actual car are BMW (for things like seat warmers and park assist) and Mercedes (for the actual power they advertise). Everyone is moving to screens over physical controls, so you'll have to get something used like a Chevy Bolt or VW eGolf. They won't have the range of newer EVs though.
2
stryderxd 3 days ago +2
EV for me was actually worse. Bought the car in 2022 and i have a plug in. Electricity suddenly got more expensive everywhere. Con ED spiked the prices by 2-3x. I was better off just filling my tank. My battery was small, only good for 33 miles.
2
OrtimusPrime 4 days ago +5
Same, I bought an Accord hybrid when gas was c**** because I feared something like this was coming.
5
SeaTurtleLionBird 4 days ago +13
About to supe up my lithium conversation riding ryobi lawnmower to get to work
13
Dust601 4 days ago +10
I got one awhile back, but seeing gas prices go 5$ + I’m so thankful I did.  I’m the same as you, if I stick to local driving I only have to put gas in it once a month. All of this for a pointless war that we lost the second we entered.  A war that still hasn’t gotten congressional approval.  A war that’s making prices all over the world rise for everybody. Thank you every single moron who supported that sick, pathetic man.  Was it worth it?  Are we winning yet?
10
MrBrawn 4 days ago +2
Yeah I had a 2500 diesel and switched to a hybrid. I get 27 miles to the charge and that enough for most of my driving. Hell one time it made me use gas so it wouldn't go stale.
2
Efficient_Market1234 4 days ago +2
I don't have an EV (no infrastructure here, anyway), and I don't have a hybrid anymore (my Prius was totaled years ago)...but I have a subcompact, and I only put gas in it like every 1.5-2 months. WFH FTW. Alas, all of this will drive up prices on everything, like we didn't already have a problem with that. *Yay.*
2
thePsychonautDad 4 days ago +72
A reminder that BP announced they have doubled their profits since the Iran was started. Prices are mostly artificial. They are rising, sure, but twice as fast as they should, so rich sociopaths can keep profiting off us.
72
r33c3d 3 days ago +11
I read that Trump may have permanently (and accidentally) flipped the world economy away from fossil fuels to renewable energy because of this c***. What a self-own!
11
chicklette 4 days ago +4
A lot of employers have carpool programs set up as well. Mine currently has 5 people. My employer basically provides a stipend for the car rental and most of the gas, so this month it's about $55 per person. Am very much hoping we'll pick up another rider or two in the summer, but people are weird about being in a car with strangers. (Pre-pandemic, we had 6 people and our out of pocket costs were around $10/mo.)
4
olivejuice1979 4 days ago +8
I can see this turning into ‘only essential workers/people get gas.’ Everyone else stay at home. Work from home may come back. People will not be driving around or doing any road trips this summer. Our economy will suffer even more. Essential Employees: Healthcare Grocery clerks Truck drivers Garbage pick ups Etc. It’s going to get ugly. I wonder how many businesses will go belly up? If the unemployment rate goes above 18% we’ll be looking at a new depression.
8
shouldbepracticing85 4 days ago +8
This is going to destroy whats left of the music touring industry for a good long while. Bands were already struggling to break even - not sure what the breakover point was before this, re: band draw vs. venue capacity vs. what vehicles needed to tour (smaller bands can get away with a modified 12 passenger van and a decent cargo trailer). I wonder if more bands will start utilizing streaming for shows again…
8
Whitewind617 4 days ago +5
It's annoying because "I'm struggling to afford gas" is not an excuse some families will accept.
5
CapitalPunBanking 4 days ago +8
I just put 200k on my 2012 civic and I just know it's about to hit the point where the next repair won't be worth it. If I land this new job with a 60 mile round trip commute then I'll have no choice but to grab a hybrid. Great timing on my part :/
8
Zaziel 4 days ago +7
Depending on how the rest of the car is doing “not worth it” is very misleading. If a $1000 repair on a car worth $3000 that might last another year without issues seems crazy… maybe think about it as spending $83 a month to rent a car. That’s pretty god damn c****. Plus insurance is generally cheaper on cars worth less. And a car is a depreciating asset anyway. Its true value is in its utility.
7
CapitalPunBanking 4 days ago +5
Someone in my hometown sub was asking for recommendations on auto shops because the estimate for a new water pump and head gasket came out to 4300 for their Prius.
5
Suspicious-Mud-9270 4 days ago +5
Head gaskets are incredibly time consuming to replace.
5
Loggersalienplants 4 days ago +5
Head gaskets involve taking the upper half of the internal core of the engine off, it takes removing the belts/chains, c***, headbolts, etc. It has to all be done to a very specific torque rating and can be very easily messed up and snowball into a very much larger problem. They got a reasonable deal on that.
5
CapitalPunBanking 4 days ago +2
I get that, but what I'm saying is that my car's not worth that at this point. So if that or something similar happens it's worth it to buy a new one.
2
biznash 4 days ago +2
i listened to Adam Zinzinger explain it really well. these ships move at the speed of a casual bicycle across the ocean. so these tankers stuck in the person gulf have a delayed effect on the pumps. we are still enjoying prices from before the straight was closed seemingly into perpetuity. mind you think was all caused by Trump getting forced into a conflict in the middle east by Israel. He didn’t have public support. didn’t make a case for why we needed to go. didn’t get congressional support. if you’ve read this far, you know the rest. i’m assuming prices get worse soon. it’s a limited resource after all. supply and demand will take effect and gas stations will have to raise prices through the roof. The government isn’t warning us about this since Trump is all about mind over matter and just projecting positivity and limiting bad information. He knows he created this mess and has no way out. Heck he doesn’t even know why we went to war so how can he know how to get out? truly a self-own. He was bored and went to war, now this is his legacy.
2
anewbys83 3 days ago +6
Trump chose this. He wasn't forced into anything. He thought he'd get to "own" Iran and do so quickly.
6
aSpaceLettuce 4 days ago +1
I’m going to buy a lil scooter today for getting around town. 2015 Honda PCX for $1k. 110 mpg city driving to help curb this garbage.
1
Antique-Quantity-608 3 days ago +1
Looking at 10-13$USD by October, $2-5 by elections, and $14+ 2027.
1
Sandee1997 1 day ago +1
Fuuuuuck. I have an hr commute each way every damn day. I drive from South Gate to Chino Hills every day for work. F*** this shit
1
Least-Worth-8634 20 hr ago +1
So happy to have bought a plugin hybrid before they cut the tax benefits
1
Ornery_Flounder3142 4 days ago +712
“Short term pain, long term gain.” These words from the morons that couldn’t stay home for two weeks. We’ve crossed the Rubicon.
712
MadT3acher 4 days ago +174
Short term pain, long term pain?
174
External-Praline-451 4 days ago +59
Short term pain, long term worse pain.
59
SwissChzMcGeez 4 days ago +33
Why would Biden do this to them??
33
themightychew 4 days ago +6
Don't forget mid-term pain.
6
Reyna_girlie 4 days ago +46
Meanwhile the oil futures are still plummeting compared to what they were as traders think Rugpull #739 might really be it this time, despite actual prices for oil per barrel being around the $140 mark Genuinely wouldnt be surprised if when the markets close kinetic strikes are started again. Maybe oil futures are finally gonna be realistic then and not fluctuate like a madman
46
Hefty_Musician2402 4 days ago +20
They’ll get a second chance of the pandemic too, if this hantavirus ends up being widespread. They won’t stay home for short term pain long term gain tho. But they will force us all to pay more for gas. I f****** hate MAGAs
20
Typhron 4 days ago +3
Its the literal mantra of fascists to explain away failings when talking about ahortted resources.. Especially that one German party the Republicans love.
3
Flash_ina_pan 4 days ago +336
I mean, not that much uncertainty, gas prices will go up as oil supplies go down. The lack of supplies will effect shipping and processing jobs. The sentient colostomy bag that is running the country will continue to manipulate the markets.
336
Loki240SX 4 days ago +98
Good thing we filled up the Strategic National Reserves before embarking on this little Middle East side quest right? Right?
98
Flash_ina_pan 4 days ago +62
That would imply a level of planning that pudding brain and his menagerie of morons isn't actually capable of. Maybe the billionaires that are operating him like a cumsock puppet, but not the regime
62
DidntASCII 4 days ago +9
The ironic part is, he actually said repeatedly that he planned on increasing reserve stock.
9
Flash_ina_pan 4 days ago +21
He says a lot of things and much like shitting through a box fan, only some of it sticks and it's all still shit
21
yhwhx 4 days ago +53
\**semi*-sentient colostomy bag
53
art-man_2018 4 days ago +19
**~~semi~~-anti-sentient colostomy bag
19
Lucius-Halthier 4 days ago +22
Guys stop comparing Trump to colostomy bags that’s an insult to the bag, sure they are both full of shit but at least the bag serves a good purpose.
22
huehuehuehuehuuuu 4 days ago +16
And fertilizer, and any petro byproducts, which is a lot.
16
Flash_ina_pan 4 days ago +13
The ripples of this dumbshit is going to be loooong term. The d**** of consequences rarely arrives lubed.
13
froz3nt 4 days ago +7
Virgin resin for plastics is already up like 100% since the war started.
7
RandyOfTheRedwoods 4 days ago +2
I just want to say thanks for introducing me to the term ‘sentient colostomy bag’. That wasn’t a term I thought I would learn today.
2
Flash_ina_pan 4 days ago +3
The current status of the world has inspired new heights on insult creativity. I have yet to find a term that truly represents the complete, virulent, and malevolent levels of incompetence and general asshattery that is occuring in this country.
3
ZachMN 4 days ago +168
The Republican Party 100% owns the looming Big Beautiful GOPression.
168
SmokePeterThiel 4 days ago +68
The dumb f*** voter will forget in 6 months of Fox News/russian agitation propaganda bashing dems
68
yhwhx 4 days ago +126
I wonder how long it will be before the US average price per gallon of gas is $8.
126
my-name-is-squirrel 4 days ago +83
2, maybe 3 weeks. Mark it.
83
Better_Lift_Cliff 4 days ago +9
Calvin's dad called it.
9
BannedfromFrontPage 3 days ago +2
End of summer is my guess.
2
HousingOk6362 4 days ago +94
Wait, I thought President Trump made the USA 100% energy independent during his first term ?
94
pinewind108 4 days ago +72
The US technically has plenty of oil, but it exports a lot of it. California bought Saudi oil because that's what it's refineries are set up to run. Plus, without a trans-US pipeline system, it was cheaper to just get ME oil than to send it by ship from Texas. Trump actually has the authority to stop all crude oil exports, but, for some reason (/s) hasn't used it.
72
Zinch85 4 days ago +16
You can't change one refinery from heavy oil to light oil in 2 weeks. It is a very expensive and long process
16
Bucket_of_Nipples 4 days ago +36
Because his oil friends make more money when prices are high. It makes him look bad in the short term, but, money. Same reason why he lifted sanctions on Russian oil.
36
donac 4 days ago +270
You know, if Biden had been president the headlines would have been a LOT more hyperbolic. Under Biden we were always just "a minute from certain doom and calamity". Now that were literally six weeks away from running out of the fuel we use for most of our country, it's like "Ehhhhhhh....maybe?"
270
Staff_Guy 4 days ago +148
Yes. Consider who owns the headlines. There is no "liberal" media, none large enough to have any significant impact. They are all owned by billionaires, they used their media to purchase the US government. This is why you get shit for information.
148
donac 4 days ago +17
Right? We fight so hard for "free press" and whatnot, only for the press to willingly get in bed with the highest bidder. It's really disappointing.
17
Sweatytubesock 4 days ago +4
There has never been a true ‘liberal media’, it’s just yet another lie that right wing scumbags have gotten away with for many decades.
4
pickandpray 4 days ago +42
We would not have been messing with Iran if Biden or Harris was elected
42
Efficient_Market1234 4 days ago +8
This is true for all things. The dementia, the pedophilia, the war, the gas prices, everything Trump is about. Every single thing would be a huge headline and MAGAs would be literally frothing at the mouth and probably engaging in straight-up violence and terrorism in response. But when it's Trump, it's cool, I guess.
8
Ill_Guarantee_1432 4 days ago +15
The US is a net producer so we won’t run out, the price will just jump sky high because of globalism.
15
Lopsided-Total-5560 4 days ago +13
True, but if I understand the oil/gas industry, most of our refineries are not set up for our crude. Just my understanding, please correct me if I’m wrong.
13
under1over1 4 days ago +3
We absolutely can, its just slower to process.
3
bloodlessempress 4 days ago +2
Slower to process still means a heavy hit, and you can bet the current US administration's desire to fully rely on oil and gas didn't also account for the increased processing need and how long that can take to set up.
2
under1over1 4 days ago +6
Theres no need for set up, they can and do process it when needed. As for planning, I don't think these guys are as dumb as everyone paints them. I find myself thinking that so often yet it seems to always make someone a PILE of money when I do. This is probably another instance where you can absolutely attribute it to malice vs stupidity.
6
kieran1017 4 days ago +7
Net producer overall but not of everything, especially with inventories of Jet Fuel going to Europe and Australia. The coasts are also net importers of gas so they're in for even more price hikes.
7
Zinch85 4 days ago +1
The US don't produce enough oil for its own needs. That's it. It's easy. It doesn't matter if it exports more than what it imports. At the end, the US need foreign oil
1
Ill_Guarantee_1432 3 days ago +2
The US does produce more than it needs… It just exports a lot of it.
2
Monteze 3 days ago +20
At least it was for no good reason. Really glad we kicked a hornets nest just to keep the "flood the zone" going.
20
Grand-Cup-A-Tea 4 days ago +67
Americans finally going to really see the actions of their leader who said he wouldn't start any more wars hit their pockets hard over the longer term. 
67
EgoTripWire 4 days ago +19
Americans will just blame the Dems for not doing enough to stop it
19
raistan77 4 days ago +31
Experts are warning that prices could easily go up three more dollars per gallon. Here in TN we've been protected for most of it but Monday overnight the price jumped 60 cents a gallon and the locals are starting to freak out. 
31
DoubtSubstantial5440 4 days ago +25
Those are still rookie numbers, give it another month
25
hehateme42069 4 days ago +30
Time to start commuting more
30
DoubtSubstantial5440 4 days ago +40
Many of us don’t have a choice with RTO mandates
40
blinkycosmocat 4 days ago +27
While executives of those same companies work remotely whenever they feel like it.
27
hehateme42069 4 days ago +20
Yeah. The man's a piece of shit, just like every one of his voters
20
takoyaki-md 3 days ago +7
my rule is always to live within 15 minutes of work. i don't want to be fussed with wasting time on the road. currently i walk and it's under 10 minutes. i've had my car since 2023 and i just crossed 10k miles on it lol. i spend maybe 30 dollars every 2-3 months for gas?
7
SOUTHPAWMIKE 3 days ago +8
Can't wait to get double-teamed by a fuel shortage with a concurrent hantavirus outbreak. Gonna be a fun summer.
8
Dirtydeedsinc 4 days ago +22
Average US Prices on 11/8/2024: Gas: $2.96 Eggs: $3.00 Ground Beef: $6.00 /lb Milk: $4.02 Bread: $2.03 Lumber: $571 per thousand board feet New Car: $48,397 Used Car; $27,297 2 Bedroom Rental: $1,532 Unemployment Rate: 4.1% Inflation Rate: 2.4% Average Yearly Income: $37,585 I don’t know about you but I’m pretty tired of all this winning. /s
22
Sad-Excitement9295 4 days ago +15
So how's this going to play out? I would think Cali starts buying US oil or maybe Canadian, but what's the contingency here? Have they started working on any alternative? I know this shit show only started a month or so ago, but have they come up with any reasonable plan yet? It would be pretty bad if the tap just suddenly ran dry, and that's not just going to be a Cali problem, they have a massive economy, it will definitely have an effect on US markets as a whole.
15
LDSBS 4 days ago +17
The problem is that shale oil, which is what the US is primarily producing, is a lighter oil and most of the refineries here are set up for a heavier crude oil. It takes time and a lot of money to change that.
17
Wandering_Weapon 4 days ago +11
Exactly. We sell our premium oil at a premium price, and we buy shit oil to refine it to a better level. Our prices will be bad, but other meetings are going to truly suffer.
11
under1over1 4 days ago +7
For Americans? Expensive fuel. For the rest of the world? Well, the US holds close to a quarter of all oil refining capacity on the planet so I would assume problems. The US produces more than enough oil to feed their own machine, its just going to be expensive.
7
Zinch85 4 days ago +23
"The US produces more than enough oil to feed their own machine, its just going to be expensive." No, that's not true. The US is a net exporter because it exports more than it imports, but that doesn't mean that it produces enough for itself. The US NEEDs international oil it is not autosuficient
23
Delbert3US 4 days ago +7
Why sell in the US when other countries will pay way more?
7
__slamallama__ 4 days ago +3
That's not really how commodities work
3
sagetastic74 4 days ago +11
Oh, good. Anyone in the market for a 2018 Audi Q5 with under 100k miles? Lol
11
fence_sitter 3 days ago +2
MAGA Dodge Rams will be up for sale, memorabilia included.
2
Pando5280 1 day ago +2
I kinda like seeing that.  Entire voting block only cares when it impacts them. 
2
creative_net_usr 4 days ago +6
It's funny because the cartel I mean that one business owners group in south dakota decided to get in bed with OPEC and not compete. Subsequently turning off much of the capacity in US, we were out producing the OPEC nations and were completely fuel independent. Then greed as usual and lack of regulation took over.
6
Taiyoryu 3 days ago +5
I bet those 15-minute cities are looking awfully attractive now
5
Individual-Two-9402 3 days ago +4
There's no jobs in them that could support living there. edit: Y'all mad but I'm right. If the person flipping your burger or serving you coffee can't afford to live in the city they work in, then a 15 minute city is just an amusement park with no rides.
4
ItsTricky94 3 days ago +9
i've already been through this in 1973-74. not for the same reason but same end result.
9
JaninthePan 3 days ago +5
So do I line up on Wednesdays or Thursdays? I can’t remember how this works anymore
5
annaleigh13 4 days ago +13
You thought gas prices were high NOW, just wait a week.
13
JaninthePan 3 days ago +5
I just paid $5.74/gal for premium today and practically did cartwheels at getting that price. It was a full .35/gal less than anywhere else in my county. Sadly it was a 1x only deal. I feel like I will someday look fondly back at this moment, remembering when we could all drive cars and go anywhere we liked.
5
annaleigh13 3 days ago +6
My favorite story about my dad is back in the late 90’s, we drove past the marathon station we always filled up at, and the price was $1.01. He started telling “how dare they fleece us! I’m never paying above a dollar for gas!” I still tease him about that
6
BusyHands_ 4 days ago +16
Quick grab every roll of toilet paper - muricans
16
Hinter_Lander 4 days ago +16
Didn't it all burn up in a warehouse fire last month. Ohh the conspiracy!
16
Efficient_Market1234 4 days ago +5
Oh god, don't even suggest it. People will do it. We're probably going to see more people putting gasoline in unsafe containers and burning their cars up, though. That was certainly a time to be alive. By golly, we are not smart people.
5
nerdwerds 4 days ago +3
cue “Here We Go” joker gif
3
Prometheusly 3 days ago +3
Goddammit I just got back on my feet!
3
fotoRS3 4 days ago +23
I voted for the lady with the "silly laugh" but hey, we needed Trump back to own the libs. We are so cooked.
23
AbanoMex 4 days ago +6
yeah, people will say both sides are the same. and while i think Kamala would have been pressured by Israel to attack iran, the same way Trump was, i dont think Kamala would have gone with the strikes route, seems every other president was pressured to do the same, but Trump was the only one to do the Iran thing, first on his first term by Undoing Obama deal, and now with the strikes.
6
XpureprogressX 4 days ago +9
I moved away from CA in 23’ I sold my car before leaving and bought a bike instead. Now I live in a city with decent bike infrastructure and do not plan on buying another car again. Had to get some winter cycling gear but honestly it’s been the best decision.
9
Wandering_Weapon 4 days ago +9
You are exceptionally fortunate.
9
XpureprogressX 3 days ago +2
I realize this.
2
Single_Comment6389 4 days ago +9
Can someone please explain to me why they are saying this is the last one?
9
Dragrunarm 4 days ago +46
Because there aren't any more on the way and thats what "last" means? There aren't any more ships with Oil coming the to US from the Middle East, so for now this is the last one. And to get ahead of the inevitable "But it's not the last if more can be sent down the line" point someone will bring up I reply; "Yes and people can also buy another box of cookies. It's still correct to say that was the last cookie when they finish a box."
46
No_Direction6688 4 days ago +6
This was inevitable. Pissing the Middle East off, then in retaliation, they shutdown access to their oil supply.
6
SleepingToDreaming 4 days ago +5
EV markets will start to take advantage of this and, in some ways, they already have.  Used ones have exploded in price.
5
koolaidman486 3 days ago +8
Makes me really wish for a BYD Seagull ($9000 Chinese EV), seems like a capable enough daily driver that's about as much as the 2012 regular gas car I had to get recently. But unfortunately the hate boner for China is insanely huge.
8
SleepingToDreaming 3 days ago +2
Yeah and those economy EVs could replace 25% of the gas guzzlers right now in the first year and then over 50% in the next five years, too, but the love affair 'MURICA has with oil will never fully die keeping those vehicles, and ones like it, off of the roads.
2
RiimeHiime 4 days ago +3
I think the solution here is another war. Canada? Mexico? Greenland? Anyone takers?
3
tehCharo 4 days ago +2
American Mad Max reality wasn't on my bingo card.
2
FamousPussyGrabber 4 days ago +1
That’s a big empty pipeline.
1
caliboy559 2 days ago +1
Prices are going to soar! What do you think happens when there is a limited quantity of a certain product.
1
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