this post was submitted on 15 Mar 2026
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My guess is a combination of restricted supply and speculation. The largely unregulated market of the u.s. is allows investors to just buy up the supply of a commodity especially if everyone knows the price is about to jump. Add to that the fact that a large % of the world's oil passes through the straight of hormuz means that a lot of gas that would be used in the states is being shipped elsewhere.