
anthonyscamera_
Upvote if you think the gas prices has gotten outta hand!!! A couple months ago to fill my tank from E it took like $35. Today I was at E, to get to full it took $55!!!First of all, NEVER take your tank to Empty. You start burning residue and deposits at the bottom of your tank that will harm your engine, and believe me— The cost to replace an engine is several thousand dollars Second, yeah. Gas prices are looking like my GPA and I need them to not
It’s bc of the war. Since the president decided to like.. b0mb Iran to distract from the Epst€in f1les, we now have a major geopolitical conflict that affected the Hormuz strait (which is where a lot of suppliers have to pass through, and if they can’t get through then we lose access to one of the world’s most important oil transit points) AND since about 1/5th (20.1 million barrels of oil a DAY) of the world’s daily oil consumption needs to pass through there— We’re a bit screwed.
Honestly, the reason I censored them is because I’m worried that bringing up those topics can potentially flag my comment (it’s happened on a lot of social media apps recently) and have it taken down. I don’t enjoy censoring words and finding weird characters to put in them, but the increased censorship has made it difficult to communicate freely.
Covid was pretty bad but not really a good comparison. Gas prices rose post Covid because production was decreased during the shutdown in response to decreased demand. Gas companies got backshot trying to buff up production when the shutdown ended and demand surged back faster than expected, causing price spikes. This conflict is particularly nasty because the price increase is supply side, and won’t go away unless a geopolitical resolution is found.
I would also make the argument that the problem isn’t really about gas, not even really about oil, it’s about bad supply chains. When the straight of Hormuz is closed it’s not just less oil -> less gas -> gas more expensive. It’s less oil, fertilizer, rare earth minerals -> less gas, less diesel, less plastic, less food, less industrial development -> higher gas prices, higher shipping fees, more expensive food and products, less job growth -> recession