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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[–] wonderingwanderer@sopuli.xyz 16 points 1 hour ago (1 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 7 points 1 hour ago (1 children)

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

[–] Dionysus@leminal.space 1 points 29 minutes ago

Just as they planned.

[–] m3t00@lemmy.world 2 points 51 minutes ago

get in line for windmill powered EVs. self own king

[–] Maggoty@lemmy.world 4 points 1 hour ago (1 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 3 points 1 hour ago (1 children)

That would be hilarious actually

[–] Maggoty@lemmy.world 4 points 1 hour 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.

[–] Corkyskog@sh.itjust.works 1 points 1 hour ago

TIL oil is only half the input cost of making gas.

Crude oil is the main ingredient in gasoline — accounting for roughly half the cost of a gallon of gas — so when oil prices rise, gas prices typically follows suit.

[–] BilboBargains@lemmy.world 16 points 4 hours ago

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

[–] humanspiral@lemmy.ca 16 points 6 hours ago (1 children)

One idiotic move administration has made is to increase ethanol content of gasoline. Ethanol is corn based in US. Cost of corn is fertilizer based. The futures price of corn has only increased about 10%, while fertilizer costs are up 100%, and so no logical reason to plant corn that has been losing money for farmers for last 5 years.

Easiest plan to bring down energy prices would be to import chinese solar tariff free, to use on ethanol corn fields in Nebraska. Leaving room for Corn between panel rows when it is viable to grow corn for food again. There's even a path towards 0 cost electricity for 24/7 datacenters or other loads. https://lemmy.ca/post/59615557?scrollToComments=true

[–] boonhet@sopuli.xyz 4 points 5 hours ago (1 children)

Your linked AI slop post has a LOT of assumptions and it's kinda expensive. If the total system capex is 50k for 1 kW load, it'll be 500 million for a modern 10MW data center. Then covering the deficit off employee BEVs for peanuts a kWh: That assumes you have enough employees for that and that they're willing to wear their batteries for this.

But yes, the whole ethanol requirement is stupid for a country that has its own oil anyway

[–] humanspiral@lemmy.ca 2 points 5 hours ago

You're right about cost assumptions of renewables. Like I said, tariff free Chinese costs + 30% local premium results in 0 electricity costs if $2/kg hydrogen revenue. Higher costs would still pay off at 10c/kwh from datacenter/other sales.

[–] prole@lemmy.blahaj.zone 52 points 10 hours ago (4 children)

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

[–] IronBird@lemmy.world 5 points 4 hours ago

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

[–] SaveTheTuaHawk@lemmy.ca 9 points 6 hours ago

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

[–] innermachine@lemmy.world 38 points 10 hours ago (1 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.

[–] RecursiveParadox@piefed.social 8 points 7 hours ago (1 children)

Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.

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[–] dan1101@lemmy.world 15 points 9 hours 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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[–] humanspiral@lemmy.ca 6 points 7 hours ago (1 children)

West coast will run out of jet fuel in 2-3 weeks. US politics are so hateful, Texas will likely refuse to ship any by truck to say that this is "woke green policies" fault.

[–] Andonyx@lemmy.world 4 points 1 hour ago (1 children)

Per an adjacent discussion on NPR, California is considered a "petrol-island". Conventional shipping over land is both difficult and inefficient because they're tucked on the other side of a mountain chain. Coming from Texas, willing or not, seems to have it's own additional expense.

[–] humanspiral@lemmy.ca 1 points 1 hour ago* (last edited 1 hour ago)

Difficult sure. Would you prefer that it is impossible to fly to California, difficult? Shouldn't be. Cost of Jet fuel from GCC would make the difficult trip from Texas profitable.

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