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National Gasoline Prices Hit the Highest Level Since Start of War in Iran

Hello warmongers. Are you watching gasoline prices?

According to the AAA Fuel Tracker, the national average gasoline price of regular gasoline jumped 6.5 cents today $4.176 per gallon

That’s the highest price since the beginning of the war.

The price has not been that high since April 2022, shortly after Russia invaded Ukraine.

Brent vs West Texas Intermediate

  • West Texas Intermediate Crude (WTIC) jumped above $100 again before settling at $99.64.
  • The global benchmark price of Brent crude rose above $105 a barrel for July delivery.
  • The price for oil deliverable in June rose above $110 per barrel for the first time this month. It’s $110.80 as I type.
  • Brent’s price has risen about $10 per barrel over the past week.

Iran Allegedly In State of Collapse

Truth Social: Iran has just informed us that they are in a “State of Collapse.” They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!). Thank you for your attention to this matter! President DONALD J. TRUMP

Breaking News

I have an actual recording of that phone call.

Trump’s Phone: Ring, Ring, Ring
Trump: Yes, this is king deal speaking.
Iran: We are in a state of collapse.
Trump: Will I what? Do I what? Oh baby, you know what I like.

Musical Tribute

Back from Fantasyland

Please note UAE Leaves OPEC and OPEC+ in Huge Blow to the Cartel. What’s That Mean?

The UAE decides that its best interests are leaving the group. Let’s discuss the implications.

Related Posts

April 25, 2026: Mideast Dollar Funding Panic, Bessent Portrays it as Strength

I was asked to comment on US dollar swap lines to Mideast oil producers.

April 25, 2026: Is There Any Point to the Latest Peace Negotiations With Iran?

Trump wants Iran to say what’s on the table. The opposite is true as well.

April 27, 2026: Day 56, an Uneasy Stalemate in Iran, Germany Says Trump Has No Strategy

Iran makes a proposal the US won’t accept. The US makes demands Iran won’t accept. Is this strategy?

Hello world. It’s now day 57.

Netanyahu convinced Trump this would be over in 3-5 days.

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86 Comments
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Bill
Bill
2 months ago

The byline of the blogpost title is the key, it’s the most watched consumer number. There are really 2 numbers that drive everything in the k economy–the stock market index number of your choice and the price of gasoline/diesel. The latter is the most-visible number wherever you go in the U.S. Simply put, it drives (pun intended) the sentiment as it’s shoved into the faces of even the most oblivous among us.

Even if you are among the 50% benefitting bigly by the former number (SP ATH), the latter number gets so much visible play it will drive the discussion.

Frankly gas prices are the only thing I’ve seen that actually alters everyone’s behavior/mood.

Feral Finster
Feral Finster
2 months ago

If we’re having a musical interlude, I got a couple for the kids at this heah link:

https://x.com/its_MrH3/status/2048934544162636184

Both are slappers.

Quatloo
Quatloo
2 months ago

Trump considering pulling out and declaring victory
https://www.jpost.com/international/article-894510

Tony Frank
Tony Frank
2 months ago

Simply part to the taco economy.

Peace
Peace
2 months ago

Gasoline price: 10 cents per litre in Iran.
No wonder Trump is salivating.

J.Traveler
J.Traveler
2 months ago

If America has all the oil it needs as Trump says …. Then why is the price rising ?

El Trumpedo
El Trumpedo
2 months ago
Reply to  J.Traveler

Because the rest of the world needs that oil, and American oil companies don’t give a shit about Americans when their rest of the world will pay more.

Feral Finster
Feral Finster
2 months ago
Reply to  J.Traveler

American refineries are designed to operate on blends.

David O
David O
2 months ago

On the very narrow “What should gasoline cost” question, Steven Chu says that we should be paying much higher prices. Part of the reason to pay higher prices is equity, compared to what everyone else is paying, and part of the reason is incentive to use less.
-> As for who should get that revenue and what it should be used for, Steven Chu would probably say the California State government and Obama’s Federal government should get it. I will leave that to others.

TexasTim65
TexasTim65
2 months ago
Reply to  David O

Instead why shouldn’t everyone else pay the price we pay?

Just because a bunch of governments in some states and other countries want to rip off their population via insane gas taxes doesn’t mean we should follow suit.

realityczech
realityczech
2 months ago
Reply to  David O

steven chu? oh good, let’s listen to him.

I’m back robbyrob
I’m back robbyrob
2 months ago

again: The US is wasting time and resources in overseas conflicts, National security should be built on domestic strength, specifically by securing our power grid and reducing global oil dependence. We have the technology, tools, solar, wind, advanced battery storage, nuclear power to make this happen.
We have the wrong people in place to make this happen.

El Trumpedo
El Trumpedo
2 months ago

We have the exact people we need to start a nuclear apocalypse over nothing,

Frosty
Frosty
2 months ago

50% of global sulphur used to travel through the strait of Hormuz.

Try making copper without sulfuric acid… Not happening!

Feral Finster
Feral Finster
2 months ago
Reply to  Frosty

Try doing a lot of things without sulfuric acid.

PapaDave
PapaDave
2 months ago

This guy drives an EV in California. At 35 cents per KWH it would have cost him $25000 in electricity to go 250000 miles. In a regular mustang at 20 mpg and $6 gas it would have cost him $75000 in gas to go that far.

Meet the Man With the 250,000-Mile Ford Mustang Mach-E

MPO45v2
MPO45v2
2 months ago
Reply to  PapaDave

Hubris won’t be complete until Tesla Motors files for bankruptcy. BYD is poised to take over the world. The oil situation in Iran is now forcing the issue because things are about to get a whole lot more worse.

PapaDave
PapaDave
2 months ago
Reply to  MPO45v2

The average consumer is concerned about the price of Gasoline, but the Diesel and Jet Fuel situation are far worse than Gasoline.

El Trumpedo
El Trumpedo
2 months ago
Reply to  PapaDave

Then there’s the fertilizer. Americans don’t know what it is to be hungry because you don’t have enough money to buy more food.

Feral Finster
Feral Finster
2 months ago
Reply to  PapaDave

Not to mention plastics. Lubricants. There’s lots of things besides gasoline, diesel and fertilizer that are made from petroleum.

PapaDave
PapaDave
2 months ago
Reply to  PapaDave

Looked up the wrong efficiency number. Only $10,000 in electricity vs $75,000 in gas.

Last edited 2 months ago by PapaDave
TexasTim65
TexasTim65
2 months ago
Reply to  PapaDave

And that doesn’t even factor in how much engine maintenance you’d need to do 250K miles in an ICE vehicle.

But 75K in gas sounds a bit high. 250K miles/75K gas is 3.33 miles per dollar. If gas in Cali averaged 5 dollars that means he’d be getting just 16.6 MPG. If you are putting 250K miles in 3 years a WHOLE bunch of that must be highway where even a Mustang would be getting mid 20s (even trucks get that on the highway). Probably close to 50K in gas.

PapaDave
PapaDave
2 months ago
Reply to  TexasTim65

Yes. No oil and filter changes. No spark plugs or engine repairs. No transmission fluids and tranmission repairs. No exhaust repairs or replacements. Brake pads last almost the life of the vehicle.

As I posted; 20 mpg, gas $6 per gallon as estimates.

250,000 miles / 20 mpg = 12,500 gallons.

12,500 gallons x $6 per gallon = $75,000

Electricity: 11 Kwh / 100 miles and 35 cents per kwh

250,000 miles / 100 miles x 11 Kwh = 27500 kwh

27500 kwh x 35 cents = $9625 (which I rounded up to $10,000)

TexasTim65
TexasTim65
2 months ago
Reply to  PapaDave

At 6 / gallon. Your using today’s war prices. Average California gas price last 3 years is under 5 / gallon.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPM0_PTE_SCA_DPG&f=M

At 5 / gallon he would pay about 62,500. If he got more than 20 MPG (easily achievable if he’s doing mostly highway which I am sure he was) the cost would be less.

Incidentally this guy is the poster boy for why EV owners are eventually going to be taxed on a per mile driven basis. If he did indeed save 12500 gallons of gas he also avoided about 11250 in gas taxes (google says California state + federal gas tax is ~90 cents). We know governments aren’t going to give up that revenue when it would put 10s of billions of dollars a hole in their budgets so eventually EV owners will pay that 11250 (or what ever miles they drive). That will make the math between gas vs EV come closer.

randocalrissian
randocalrissian
2 months ago
Reply to  TexasTim65

Show your math so we can compare your math to Papa Dave’s. You are not both correct.

TexasTim65
TexasTim65
2 months ago

I did. 250000 miles / 75000 dollars = 3.33 miles per dollar.

If gas is 5/gallon that works out to 16.6 miles per gallon.

His numbers are different because he’s assuming 6/gallon of gas which seems overly high (it may be 6 now but wasn’t 3 years ago).

Richinar
Richinar
2 months ago

Netanyahu hasn’t had his fill yet. Until then the US is complicit in all things bibi wants.

El Trumpedo
El Trumpedo
2 months ago
Reply to  Richinar

Zionists are sustained by the blood of their neighbors.

realityczech
realityczech
2 months ago
Reply to  El Trumpedo

bigot says what?

Feral Finster
Feral Finster
2 months ago
Reply to  Richinar

Netanyahu is like a black hole of entitlement. The more you give him, the more he demands.

Those Epstein tapes must be a humdinger.

Last edited 2 months ago by Feral Finster
Webej
Webej
2 months ago

$127,09 Urals Crude Futures today
$144,– Dated Brent spot price
$120,– WTI spot price

Spot prices are up to a $25 premium above near month futures contracts

why
why
2 months ago

IMO this war has nothing to do with Netanyahu or Israel, and to continue to claim so you absolve Trump from the fact that it was his choice and his choice alone to bring America into this.

The US has been obsessed with Iran since ww2 (that’s right before the United Nations carved out what would be called Israel for the Jewish people who suffered under Hitler). If not why the Shah of Iran. Why the Iran/Iraq war where the Reagan administration sold weapons to both hoping they kill each other, and thus stop being a thorn in the side of the west. And if not why has Iran been on the axis of evil list since 2002?

Those claiming Israel is to blame for this really need to look at history. The US chose this just as it did in ww2 to overthrow the Iranian elected govt just to stab the Brits in the back.

I’m sorry, but in this specific situation it’s not the Jewish or the Islamic people that’s the problem. The problem lay with Westerns, and more specifically in this situation the Americans. And the world sees this now and when this is done will conclude as such for the books of history.

Last edited 2 months ago by why
why
why
2 months ago
Reply to  Mike Shedlock

Yet it’s not Netanyahu who is doing the blockade, and causing a quarter of the world (or more) to ration fuel or food because of the blockade.

This is 100% the cause of Trump.

And as one can see Israel, that is Netanyahu, isn’t even in the picture anymore (at least for now).

In truth this war, IMO, was never about Israel or Netanyahu it was about disrupting China and Russia. And the sooner people (read Americans) realize this the sooner they can see this war for what it is – the beginning of the end of Western hegemony and all the trade/economic pain (and the bloodshedding) that goes along with it.

So please stop using Netanyahu as an excuse for Trump’s actions, for all you are doing is excusing Trump of this.

And it should be known that even Trump himself admits this fact:

https://truthsocial.com/@realDonaldTrump/116437457191403164

FUbar111111
FUbar111111
2 months ago
Reply to  why

Hows the weather in Tel Aviv, Moshe?

Israel has only been pushing hard for the USA to fight their war on Iran for the last 40+ years. And some 86% of Israelis support everything Netanyahu does, they only ciriticise him now because Israel lost the war, not becasue they think it was a bad idea. Face facts: Israel is a rogue rabid-dog out-of-control terrorist group, not a nation.

I would assign the blame 50/50: 50% Israel for wanting it, and 50% for Trump OKing it, along with the other Washington Morons (Lindsey Graham, anyone?)

realityczech
realityczech
2 months ago
Reply to  FUbar111111

yes, yes, it’s the joooooooos!! it’s why i stepped in water wearing socks. and their drones! it’s why i keep losing socks.

Reeeeee!

Feral Finster
Feral Finster
2 months ago
Reply to  why

So that must be why Israel has been lobbying for the US to fight Iran for them since the 1980s.

Anon1970
Anon1970
2 months ago

My local Chevron station was charging $6.399 per gallon for regular gas today.

why
why
2 months ago
Reply to  Anon1970

It be nice if you could tell us the state, for if it was California it would seem more than what’s going at the Strait of Hormuz would be affecting gas prices there.

MPO45v2
MPO45v2
2 months ago
Reply to  why

Gas buddy has a US map. Everything west of the rockies is near or above $5. Everything east is a bit cheaper but not much.

https://www.gasbuddy.com/gaspricemap?lat=38.822395&lng=-96.591588&z=4

realityczech
realityczech
2 months ago
Reply to  Anon1970

it’s $2/gallon more in CA than in most of the rest of the US.

MPO45v2
MPO45v2
2 months ago

Hey guys, remember all that EV bashing during the Biden administration? Remember all those comments trashing EVs? Well guess what…..

https://www.travelandtourworld.com/news/article/united-states-joins-vietnam-china-australia-japan-germany-france-uk-and-more-in-unprecedented-electric-vehicle-adoption-as-the-iran-conflict-sends-global-fuel-prices-soaring-reshaping-the-way-w/

EV Sales
Korea – up 172%
Germany – up 42%
China – up 82.6% 
Japan – triple!

Well the “free market” always works. Fuel is becoming too volatile and expensive so better switch to a better alternative. Electricity can be created anywhere with numerous methods: wind, solar, nuclear, gas, etc.

And the big winner of it all is China. Lol!

Didn’t Ford just ditch their EV vehicles? Double Lol!

TexasTim65
TexasTim65
2 months ago
Reply to  MPO45v2

Ford is already trying to partner with Chinese companies to lease technology for their next EVs.

El Trumpedo
El Trumpedo
2 months ago
Reply to  TexasTim65

I guess American innovation is over in that industry.

jackula
jackula
2 months ago

If Trump could he should blame Israel and Netanyahu for giving him bad intelligence, blame Hegseth for giving him inaccurate military status updates and fire him, and say he didn’t really want go to war because it’s against his policies and what he ran for office on….and get most of the US troops outta the Middle East. He won’t though and very tough times are coming…

Creamer
Creamer
2 months ago
Reply to  jackula

Admitting you got tricked is admitting defeat and Trump isn’t capable of doing that, it’s his big key flaw. If he stepped on dogshit, he’d have to call it a genius victory. While that works fine in a game where no one calls your bluff, it’s an entirely different affair in a war.

Webej
Webej
2 months ago
Reply to  Creamer

A con man conned by another con man.
What a con job that would be.

LM2020
LM2020
2 months ago
Reply to  jackula

He’s already lost interest. It will be just another mess for someone else to clean up. He’s back to ruminating about this stupid ballroom 24/7 and putting his rancid face on US passports.

Anon1970
Anon1970
2 months ago
Reply to  LM2020

My current passport does not expire until well after Trump leaves office.

Augustine
Augustine
2 months ago
Reply to  Anon1970

And mine well after this scourge leaves earth. 🙏🏻

Last edited 2 months ago by Augustine
pokercat
pokercat
2 months ago
Reply to  Augustine

Let’s hope that is this afternoon.

TexasTim65
TexasTim65
2 months ago
Reply to  LM2020

Its the 250th anniversary coins / bills that he wants his face on.

randocalrissian
randocalrissian
2 months ago
Reply to  TexasTim65

One way to crash interest in 2026 releases for the numismatists out there.

Feral Finster
Feral Finster
2 months ago
Reply to  LM2020

Trump may have lost interest, but Netanyahu has not and it is Netanyahu who calls the shots in this relationship.

Anon1970
Anon1970
2 months ago
Reply to  jackula

How about blaming the Supreme Court judges who decided the Citizens United case in 2010. The decision certainly made it easier for rich people to influence political outcomes in the US.

Pedro
Pedro
2 months ago
Reply to  Anon1970

Bingo!!!!! When they write the history of all this that will be the start date of the “plutocratic era” which led to the loss of the trading empire

Feral Finster
Feral Finster
2 months ago
Reply to  Anon1970

To be fair, Team D is even more addicted to SuperPAC (aka “rich people”) money than is Team R.

El Trumpedo
El Trumpedo
2 months ago
Reply to  jackula

Well, he is on the record calling for genocide, so that might be an awkward exit…

Feral Finster
Feral Finster
2 months ago
Reply to  jackula

Jeffrey Epstein has entered the chat.

Fubar111111
Fubar111111
2 months ago

Cant you feel the winngest winning in the history of winning?

Looks like victory!

Sentient
Sentient
2 months ago
Reply to  Fubar111111

I’m tired of winning.

MPO45v2
MPO45v2
2 months ago

2-star Mishelin award granted for musical tribute and that cartoon!

The Iran war clock tracker says it’s been 59 days 16 hours not 57?
https://www.iranwarclock.com/

Funny how people that were screaming and whining under Biden for inflation seem ok with Trump inflation now. Don’t worry guys, you ain’t seen nothing yet. Diesel prices up 54% since Bibi conned Trump into this war.

Cruel summer is coming….(queue Bananarama)…

Do worry, Trump will find a way to make things even worse.™

Last edited 2 months ago by MPO45v2
Jojo
Jojo
2 months ago
Reply to  MPO45v2

I’ve never bought a ounce of diesel in my life.

MPO45v2
MPO45v2
2 months ago
Reply to  Jojo

No but the guy that delivers your groceries in that big rig truck does. So do the guys that drop off stuff for you at Costco, Walmart, and anywhere else you buy anything. That restaurant you eat at? Yeah a big truck from Sysco probably delivers that food for you.

The guys that repair your utilities? Diesel.
Farmers? Diesel.
Ride the bus? Diesel.
Train? Diesel.
Airplanes – well no, they use kerosene for fuel but the trucks that bring the kerosene – Diesel.

I could go on but why bother, you don’t think much do you.

Fubar111111
Fubar111111
2 months ago
Reply to  MPO45v2

Jojo is so stupid he makes Trump look smart.

Art
Art
2 months ago
Reply to  Fubar111111

Dumber than a Taco is a great insult

El Trumpedo
El Trumpedo
2 months ago
Reply to  Fubar111111

No matter how stupid he expires to be, though, his daddy Trumpstien won’t love him. Unrequited love is so sad to see.

Jojo
Jojo
2 months ago
Reply to  Fubar111111

I am so dumb and yet unlike many of you whiners, the price of gas and food does not impact my life at all. Crushing Iran’s dream of building nuclear weapons is far more important.

MPO45v2
MPO45v2
2 months ago
Reply to  Jojo

Lol. You were whining about social security COLA a while back. I can go look up the post but why bother, you’ll deny it even though it’s right there in black and white.

“Not much but I’ll take it” I believe was your quote. And as I recall, you frequently want the caps raised from FICA so YOU get more social security. A true liar and socialist leech.

Jojo
Jojo
2 months ago
Reply to  MPO45v2

All humans always want more than they have, even billionaires who already have gobs of money.

The point you wanted to make was? That I should be different than billionaires?

randocalrissian
randocalrissian
2 months ago
Reply to  Jojo

We already did that June 2025. Ask Tulsi

randocalrissian
randocalrissian
2 months ago
Reply to  Jojo

Do you know what the global supply chain mainly runs on? I’ll give you a hint, it’s diesel.

Jojo
Jojo
2 months ago

Do you know what the global supply chain mainly runs on? I’ll give you a hint, it’s diesel.”

Then maybe this event will create necessary change.

I am looking for more attention and money on getting fusion power going due to this situation, more money being funneled into its development than would have otherwise been. A kick in the ass like the Iran situation can only help!

why
why
2 months ago

So what you’re saying Mish, is that Trump doesn’t have all the time in the world now aren’t you.

This is definitely going to get interesting, and rather soon I suspect (4 months or less).

Jojo
Jojo
2 months ago

[SNIFF] Life is sooooooooooooooooo hard. Sheese.

It’s sad but the beatings are going to have to continue until your morale improves!

I’m back robbyrob
I’m back robbyrob
2 months ago

who cares you peasants! Taxpayers Foot The Bill For Kid Rock’s Military Helicopter Joyride With Hegseth
Just two guys joyriding on Apache helicopters in the middle of a war. 
But seriously the big problem for Trump or whomever would be in power during this mess is that here in the midwest its at around $4 and we dont see a BUDGE DOWNWARD in price which makes us presume: welcome to the new price reality. And that new price reality is pissing off a lot people and I have not even considered the price of diesel for our farmers. Something is going to have to give but reading the comments on here and around the web its only going to get worse.

Last edited 2 months ago by I’m back robbyrob
Jojo
Jojo
2 months ago

Conversion to EV trucks should happen faster now.

I’m back robbyrob
I’m back robbyrob
2 months ago
Reply to  Jojo

It’s the Age of Electricity and America Isn’t Ready. “Our grid is too old and our supply of electricity too small. If we don’t meet this moment, we will face an impoverished future of more expensive, less reliable energy, and slower economic growth.” https://www.nytimes.com/interactive/2026/04/27/opinion/electricity-power-grid-infrastructure.html?unlocked_article_code=1.eFA.VptE.oTEgtcylTk-B

PapaDave
PapaDave
2 months ago
Reply to  Jojo

Trump doesn’t want EVs. Trump doesn’t want windmills or solar either. So he will do what he can to prevent them.

New approach in Trump’s campaign against offshore wind: Pay them to go away | AP News

El Trumpedo
El Trumpedo
2 months ago

I do have to congratulate them on picking the biggest dirtbag in all of entertainment. Excellent eye.

TexasTim65
TexasTim65
2 months ago
Reply to  El Trumpedo

I’ve seen him live a few times. His shows are excellent.

El Trumpedo
El Trumpedo
2 months ago
Reply to  TexasTim65

I liked a couple of his songs back in the 90s, but I’ve never seen him. Nonetheless, he is a giant dirtbag, it’s part of his schtick.

El Trumpedo
El Trumpedo
2 months ago

Highest level so far…

Today’s gas will look cheap by autumn.

MPO45v2
MPO45v2
2 months ago
Reply to  El Trumpedo

But for the well positioned investor, the profitgasms will be spectacular!

El Trumpedo
El Trumpedo
2 months ago
Reply to  MPO45v2

It’s been a crazy ride, but I know where it’s going.

randocalrissian
randocalrissian
2 months ago
Reply to  El Trumpedo

BOHICA

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