Gasoline grabs headlines, but diesel — the fuel of commerce — is experiencing bigger price gains and building up vulnerabilities for the US economy, @liamdenning says (via @opinion)
Gasoline stands to extend gains as tightness in global fuel markets spreads, according to Goldman, which shifted a trading call to the popular motor fuel and away from diesel
Gasoline prices are at their highest level ever for this time of year, while diesel prices are also making new record-highs.
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@sonusvarghese
Gasoline supplies in Gelendzhik, Russia have become scarce as hen's teeth. Drivers are reportedly waiting up to 16 HOURS at gas stations.
THE RUSSIA-UKRAINE WAR = PAIN AT THE PUMP.
Gasoline Prices: Iran vs USA
Gasoline price in Iran stands at only 0.12 dollars per gallon while the same gallon in the USA costs more than 5 dollars, creating a difference of 4.88 dollars that cannot be ignored.
The difference comes from a combination of high US taxes, massive corporations profits, and Iran’s significantly lower extraction costs that keep fuel affordable for its own people.
High gasoline prices are mainly a huge wealth transfer from the already poor masses to the ultra-rich, as every single fill-up quietly moves hard-earned money from ordinary families struggling with rent and food directly into the hands of the elite who designed the system this way. The numbers remain clear and the transfer never stops.
Thanks for your attention to this matter.