this post was submitted on 02 Mar 2026
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Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East ​worsened, setting up a key test of public approval of President Donald ‌Trump's decision to attack Iran, analysts said.

Tehran's retaliation in response to U.S. and Israeli strikes has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, ​a key global trade route. Oil prices have surged, with Brent crude rising ​more than 5% to nearly $77 per barrel, and fuel prices moving ⁠up in tandem with the feedstock costs.

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[–] Fedizen@lemmy.world 3 points 3 hours ago (1 children)

Really hoping it gets up to $10 a barrel. Fuck all the SUV owners and the AI companies.

[–] SaveTheTuaHawk@lemmy.ca 1 points 1 hour ago (1 children)

It is fun to watch them tear up at the filling station.

[–] TammyTobacco@sh.itjust.works 1 points 19 minutes ago

I filled up my hatchback for like $25 a week ago, and the f250 next to me spent $65. It's going to get hilarious soon.

[–] Treczoks@lemmy.world 13 points 7 hours ago (1 children)

Oh, bohoo. Those American gas guzzler riders would probably have a nervous breakdown at a European fuel station.

[–] thatKamGuy@sh.itjust.works 1 points 2 minutes ago

We have too many damned US-style “trucks” here in Australia now.

Our fuel prices have just crossed the equivalent of $5 USD/gallon ($1.90 AUD/litre); it will be interesting watching people squirm at the petrol pumps when the price inevitably increases another 50% or so.

[–] Bieren@lemmy.today 33 points 10 hours ago (1 children)

Where's all those "I did that" stickers?

[–] JustAnotherPodunk@lemmy.world 14 points 9 hours ago

I still have some trump ones in a drawer somewhere. Pissed off half the damn town last time I broke them out. Though they never knew who did it!

[–] tehn00bi@lemmy.world 1 points 4 hours ago

Hahaha makes his SOTU bit about cheap gas ring even more hollow.

[–] P00ptart@lemmy.world 17 points 10 hours ago (1 children)

Bitch, I haven't seen $3 gas in a decade.

[–] LemmyKnowsBest@lemmy.world 1 points 3 hours ago

Hello California

[–] fluffykittycat@slrpnk.net 5 points 8 hours ago

I welcome high gas prices

[–] Rentlar@lemmy.ca 58 points 14 hours ago

"We did that!" - Trump and Kegsbreath

[–] bearboiblake@pawb.social 11 points 10 hours ago (1 children)

This is one of Iran's main goals, IMO. They need to get the US to back down through domestic and diplomatic pressure. This war is already unpopular, but gas prices increasing will affect people who otherwise don't give a shit about the morality of the situation, which is unfortunately quite a lot of US Americans. Hitting the wallet of the MAGA voter is fundamental.

[–] IronBird@lemmy.world 1 points 9 hours ago (1 children)

the US mostly self sufficient with oil, big oil wants this war so they can make extra stupid money gaming the oil futures markets.

once you've reached end-stage capitalism, where there's no real room for organic growth, all that's left is rent-seeking and smashing windows to "increase liquidity" in the markets (from sane/smart actors who have to hedge, even if they do know it's all a game). the ones who don't see the full picture or are over-leveraged go out of business and act as distressed assets to be bought out by established players.

this is what republicans do every time they're in power, they're abject disaster capitalists, proud in their cruelty.

[–] bearboiblake@pawb.social 4 points 9 hours ago

the US mostly self sufficient with oil

Yes, but they aren't completely isolated from changes in wholesale oil prices, if the price of oil goes up, the shale oil producers in the US are going to increase their prices too because they can, no?

I agree with everything else you wrote!

[–] Trudge@piefed.social 3 points 8 hours ago (1 children)

came here looking for the 

Who the fuck cares, this is such an unimportant and overused talking point

but, no. and so:

WHO THE FUCK CARES, THIS IS SUCH AN UNIMPORTANT AND OVERUSED TALKING POINT. 

[–] Trainguyrom@reddthat.com 5 points 8 hours ago (1 children)

Higher gas prices might encourage some positive change in folks when it comes to their travel choices. In the short term possibly more choosing to walk/bike (or more realistically choosing to abstain from going somewhere that they otherwise would've driven) and in the longer term it'll encourage more efficient vehicles. Energy has been way too cheap in the US for too long and it really encourages a lot of the waste that we see

[–] shane@feddit.nl 1 points 3 hours ago

I think the observation is that this is a short term market panic and not any true change in the cost of gas.

[–] Tempus_Fugit@lemmy.world 23 points 13 hours ago (1 children)

Yup, it jumped from. $2.90 to $3.50 near me today. I knew this would happen, glad I filled up yesterday.

[–] BarneyPiccolo@lemmy.today 8 points 12 hours ago

$2.75 to $3.19 today. I'm betting on $3.75 by the end of the week.

[–] HubertManne@piefed.social 13 points 12 hours ago (2 children)

gas has been incredibly cheap and I think this is one thing that has kept us going over the last year. 8 bucks a gallon would be where it would be to be close to where we were post 9/11.

[–] ArgentRaven@lemmy.world 4 points 11 hours ago (1 children)

In what location? In the US, directly after 9/11, has was pegged at .99/gallon because Bush made some kind of deal with oil execs. But they did raise it eventually. Not to 8/gallon though. Unless you're speaking of Europe?

[–] HubertManne@piefed.social -1 points 10 hours ago (1 children)

no it went over 4 which would be well in excess of 8 nowadays

[–] Pyr_Pressure@lemmy.ca 4 points 10 hours ago (1 children)

Close, but not quite. Still impressive that a mere 25 years almost halves your money's value though.

If you had $10,000 cash in your mattress you would have less than $6000 now.

[–] JollyBrancher@sh.itjust.works 1 points 7 hours ago

Always try to remind people similar things. Had my first job in highschool during the 2006/7 inflation. Making 8.25/hr when gas was 4.25+ after cash discount.

When it was around $4/gallon recently I told people to just fuck right off, since I was making at least 3x what I was 18/20 years ago. Still a bit ass since "18/20 years ago" makes me a mid-age adult now. Got them bigger bills. At least gas prices have slowed down.

[–] Alexstarfire@lemmy.world 0 points 6 hours ago (1 children)

Are you thinking of Katrina? Granted, I wasn't old enough to drive when 9/11 happened, but I don't recall gas prices spiking. But they sure as hell did after Katrina.

[–] Fedizen@lemmy.world 1 points 3 hours ago

Gas prices hit $5 a gallon after the Iraq War.

[–] Buffalox@lemmy.world 0 points 4 hours ago

Nice bit of sunshine today where I live, so I'll charge our EV with surplus power from our solar panels. 🤣

[–] Nusm@peachpie.theatl.social 18 points 14 hours ago

But thank goodness eggs are cheap! Ammiright?!

[–] WhyIHateTheInternet@lemmy.world 11 points 13 hours ago* (last edited 13 hours ago) (2 children)

Welcome to California suckers!

Actually I'm still paying nearly $5, but everyone is catching up.

I suspect we will continue outrunning them though.

[–] Kolanaki@pawb.social 11 points 12 hours ago (1 children)

Came here to be like "fuck I wish it was down to $3/gal out here..."

[–] vaultdweller013@sh.itjust.works 1 points 9 hours ago

It's like 3.90 something at the closest 3 gas stations near me. But they are currently in a bit of a price war so...

[–] bearboiblake@pawb.social 1 points 10 hours ago (1 children)

It's $6 a gallon in the UK, I think a good chunk of that is tax/duty tho.

[–] Schmuppes@lemmy.today 1 points 6 hours ago* (last edited 1 hour ago) (1 children)

Cannot convert precisely right now, but in Germany I'd say gas is currently at 1,90€ per liter. ~~That would place the gallon at 7.00 to 7.50 USD.~~ Did the math, that's 8.35 USD per gallon at current conversion rates.

[–] SaveTheTuaHawk@lemmy.ca 1 points 1 hour ago

Small wonder EVs are the largest growing sector

[–] MintyFresh@lemmy.world 4 points 11 hours ago

I wonder what the price would be without subsidies.

[–] Uranus_Hz@lemmy.zip 1 points 8 hours ago

Those are rookie numbers. You’re gonna have to pump those numbers up.

[–] mctoasterson@reddthat.com 1 points 11 hours ago (2 children)

Hmm, good thing I drive an EV and live somewhere the electricity costs 15 cents / kWh.

[–] dan1101@lemmy.world 1 points 42 minutes ago

Until they build data centers near you and/or generation and infrastructure for data centers. All the customers help pay for that. Ours is up 25%.

[–] SaveTheTuaHawk@lemmy.ca 1 points 1 hour ago
[–] sveltecider@lemmy.ca 1 points 12 hours ago

Only worse from here probably.