Krugman: $4 Gasoline is Less Than Half the Story. The biggest losers from the Iran War are buyers of diesel, jet fuel, chemicals and fertilizer. Much as Trump would like to declare victory and insist that the blockade is other countries’ problem, reality won’t oblige him.
byu/mafco inenergy
Posted by mafco
3 Comments
When has reality ever been a concern for Trump?
$4 is also the floor for gasoline prices for the foreseeable future, not the ceiling.
Not to mention a potential global economic crisis
People will stop buying US goods if what cannot afford them