this post was submitted on 14 Jul 2026
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I don't get why gas prices haven't spiked yet. It's been months since the strait closed but gas prices have actually climbed down in LA. I routinely see prices under $5/gal when a while back it was creeping up to $6.
https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve
Plenty of stockpiles, and investors up until now expected Trump to either come up with a deal or chicken out.
Things might start changing now though.
Wile-e-coyote doesnt always notice he has run off the cliff at first.