this post was submitted on 02 Apr 2026
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White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.

In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.

As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.

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[–] HulkSmashBurgers@reddthat.com 33 points 2 days ago (3 children)

If only in the decades since the oil embargo of the early 1970s we kept investing in alternative energy sources we could have been in a much better place energy wise.

[–] prole@lemmy.blahaj.zone 17 points 1 day ago (1 children)

Jimmy Carter put solar panels on the White House roof. Reagan took them down. Pretty succinct summary of the past 40 years.

[–] Quill7513@slrpnk.net 13 points 1 day ago (3 children)

before anyone says "those solar panels didn't work very well" THAT'S NOT THE FUCKING POINT. they represented a commitment to invest in the technology. the presidency is the bully pulpit. a person can change a lot about the direction of the country there without making meaningful change in the moment. Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power

[–] prole@lemmy.blahaj.zone 7 points 1 day ago (1 children)

Exactly.

Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power

I would say both Roosevelts did too. Admittedly, my Grant knowledge isn't super deep, what was it that he did that you think puts him in that group?

[–] Quill7513@slrpnk.net 4 points 1 day ago

he had this crazy idea that the treasury department should give money to poor people and that someone should kick the KKK's ass

[–] natecox@programming.dev 3 points 1 day ago (1 children)

Let's not idolize Carter too much. I like a lot of what he did, and I obviously love his "old man building houses for the needy" golden years, but Carter was also the beginning of the dismantling of antitrust which is the primary reason we have wealth consolidation and market capture as the de facto norm today.

He started the ball rolling with a bizarre policy of "big businesses are good for everyone" which meant antitrust laws--while still on the books and our official policy--simply stopped being enforced. Regan capitalized on this but Carter started it.

[–] Quill7513@slrpnk.net 3 points 1 day ago

oh for sure. and Grant wasn't great for indioenous people. America has never had a good president. just a limited selection who qualify for "most least worst"

[–] CharlesDarwin@lemmy.world 8 points 1 day ago (1 children)

Yeah, but windmills cause cancer and solar is basically gay. And EVs - I'm pretty sure if you drive those when you are male, your penis shrivels up, falls off and you grow a vagina.

[–] mycodesucks@lemmy.world 6 points 1 day ago

your penis shrivels up, falls off and you grow a vagina.

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[–] BigMacHole@thelemmy.club 12 points 1 day ago

If ONLY Iran would OPEN up the Straight ~~that was ALREADY Open BEFORE Trump bombed them for some Reason!~~ WE wouldn't be in This Mess! We NEED Trump to Fix ~~Trump's Fuck Up!~~ Iran!

-NOT Sheep Republicans!

americans complaining about gas prices will never be not funny

[–] wonderingwanderer@sopuli.xyz 33 points 2 days ago (5 children)

Oh hey, maybe if they didn't dismantle all the green energy and EV initiatives then the impacts would be mitigated a little bit...

Funny how that works...

[–] Corkyskog@sh.itjust.works 18 points 2 days ago (2 children)

Literally couldn't be doing anything different to help Russia more.

[–] wonderingwanderer@sopuli.xyz 6 points 2 days ago (1 children)

That's gotta be the point, isn't it? It's not really a secret that trump's a russian stooge...

[–] TehWorld@lemmy.world 2 points 2 days ago

I think about this. Functionally he’s a puppet of Putin, but I don’t think that it’s an “active” stooging. Trump wants to BE a dictator and Putin is very intelligent, so he’s able to ply Trump to his will. Trump probably cares more about the pee-tapes than it’d actually affect him.

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[–] prole@lemmy.blahaj.zone 53 points 2 days ago (6 children)

It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.

[–] innermachine@lemmy.world 38 points 2 days ago (6 children)

To be fair, once fuel prices go up the cost of EVERYTHING also goes up. So no it's not just about pain at the pump, it's pain at the grocery check out. Pain when the oil truck comes to deliver your liquid heat. Pain when you buy anything plastic, anything grown with fertilizers. People don't realize petroleum is in almost everything! And if it doesn't use a petroleum product in manufacturing, it certainly does in shipping.

[–] cmbabul@lemmy.world 1 points 1 day ago (1 children)

Youre right, but also if we weren’t using up as much for fuel as we do there would be much more left for other applications

[–] innermachine@lemmy.world 2 points 1 day ago

No kidding. I think our world leaders have forgotten that there is only so much oil in the ground, once it's all burnt up that's it poof it's gone. Makes it even more insane that their bombing oil fields and refineries. If u want a small example of how our billionaire rulers have boned us look at the racket from synthetic rope getting hemp banned. The tldr is DuPont made synthetic rope, but hemp which is sustainable and strong got outlawed due in part to them lobbying. We have a government that exists only to stuff rich peoples pockets from what it seems. There's more examples than can be listed of private corporations creating rules to make themselves the winners at the expense of the people and the planet, and it's been going on for over a hundred years and just getting exponentially worse. There's a reason wealth just keeps consolidating.

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[–] SaveTheTuaHawk@lemmy.ca 12 points 2 days ago

No one cares about victims of rape and pedophilia, that's other people, caring about other people is un-American.

[–] dan1101@lemmy.world 13 points 2 days ago (2 children)

The only thing that keeps most people complacent is they can manage to scrape by with their meager salary buying crappy goods. Take that away and Americans might get more revolutionary.

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[–] IronBird@lemmy.world 8 points 2 days ago

$ is the only thing sacred in america, always has been

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[–] anon_8675309@lemmy.world 5 points 2 days ago

He really wants to kill the economy so his rich buddies can buy everything up cheap.

[–] BilboBargains@lemmy.world 18 points 2 days ago

Trump officials bracing for nightmare scenario of renewable energy and end of global hegemony.

[–] givesomefucks@lemmy.world 87 points 3 days ago (2 children)

I really want to see Iran say they'll reopen it only after trump is personally handed over to stand trial for his war crimes...

It will never work, but it'll fracture his support and more importantly he'll be ome convinced it's gonna happen and start turning on his own cronies even if they're loyal.

[–] W98BSoD@lemmy.dbzer0.com 67 points 3 days ago (6 children)
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[–] WanderWisley@lemmy.world 1 points 1 day ago

Trump officials prepping for nighttime scenario as Trump dies…

[–] Maggoty@lemmy.world 10 points 2 days ago (7 children)

They're gonna nationalize our oil aren't they? Required sale to the government at a set rate and then government will turn around and sell into the domestic and international markets to balance prices at our pumps.

It's about the only option other than stop bombing Iran and that's not happening.

[–] Corkyskog@sh.itjust.works 7 points 2 days ago (1 children)

That would be hilarious actually

[–] Maggoty@lemmy.world 12 points 2 days ago

Oh Undoubtedly. I look forward to all the explanations as to why it's Capitalism when we do it and Socialism when Venezuela does it.

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[–] libre_warrior@lemmy.ml 1 points 1 day ago

Trump administration -> Epstein network

[–] BarneyPiccolo@lemmy.today 31 points 3 days ago (13 children)

The Sociopathic Oligarchs see the Dow as the leading indicator of the economy, and never notice gas prices.

But to the average American, the price of GAS is the leading economic indicator, and that number psychologically symbolizes the health of the economy in their minds. That number is displayed on every corner in the country, and every American passes it many times a day, driving it into their skulls.

This is NOT good for MAGA, and a reckoning is coming. MAGA is feral, and when they feel cornered, wounded, and scared, they will strike out ferociously. It's going to get uglier before it gets better.

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[–] protist@retrofed.com 39 points 3 days ago (2 children)

The best part is that even if everything in the Strait were to return to normal tomorrow, the oil price shock is just barely beginning to filter through the system, so there's absolutely nothing Trump can do to stop what he caused.

[–] empireOfLove2@lemmy.dbzer0.com 23 points 3 days ago (2 children)

Oh yeah. Global logistics with slow-boat tankers are scheduled multiple months in advance to keep the machine flowing. With every single route now completely thrown awry, there's no going back for at least a year.

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[–] TigerAce@lemmy.dbzer0.com 27 points 3 days ago* (last edited 3 days ago) (14 children)

The only big difference between Adolf Hitler and Donald Trump is that Hitler didn't sexually abuse children.

Comparisons:

  • never drinks alcohol
  • tariff war which is worst for themselves
  • oil shortages by bad planning
  • declaring wars
  • stealing Nobel peace prize (was Goebbles, but whatever)
  • fucking up the economy
  • started a world war
  • is senile AF
  • blames minorities for everything
  • wants to get rid of minorities by any means necessary
  • doesn't care about rules or laws, human rights or war crimes
  • wants to build megalomaniac buildings
  • only recognizes self appointed judges
  • builds a close circle of radicalizedsidiots around him who can't day no to him
  • empoweres criminal enterprises, surrounds himself with and protects criminals, steals from the poor, creates a regime enriching itself illegally

Should I continue?

[–] samus12345@sh.itjust.works 8 points 2 days ago (5 children)

Hitler death: 4/30/45

Trump birth: 6/14/46

Certainly a case to be made for reincarnation.

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[–] RememberTheApollo_@lemmy.world 16 points 3 days ago (1 children)

What exactly are they “bracing” for? Not a single one of them has to pay out of pocket for it.

[–] Kage520@lemmy.world 22 points 2 days ago (4 children)

They are bracing for the voters to finally turn on them. Commit fraud? It's fine my gas is cheap. Sex with children? Eh whatever I don't want to consider if that's true or not as long as my gas is cheap. Bomb a school overseas? Whatever you've gotta do to keep my gas cheap. GAS PRICES ARE UP?! WTF IS THIS ADMINISTRATION DOING?! VOTE THEM OUT.

It's sickening, but it seems the price of gas is really all that matters to the Republican voter.

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[–] Gates9@sh.itjust.works 26 points 3 days ago (3 children)

FUCK EVERYONE BUY TOILET PAPER

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