A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict.
Not so fast, experts say.
Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts.
Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertilizer, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too.
“It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off,” Brett House, an economist who teaches at Columbia Business School, said. “In fact, by almost any measure, not just the American consumer, but the world, is worse off as a result of this attack.”
Of course it will. Gas companies are making a killing.
What, do you object? Too bad.
Republicans get what republicans want.
Of course. They will buy cheap and sell overpriced as long as they can.
duh. they don’t go back down. at best you might get stabilization but that would require doing things on the national and global level in an intelligent and rationale manner.
In other news, water remains wet. Any sort of disruption (see COVID) and everyone jacks up prices due to precieved (or real) scarcity. Then they realize they can make more money at jacked up prices or try to recoup losses, and the prices stick high after the fact
And then, since high prices across a major portion of the economy eventually push all other prices higher, they’re not really making more money anymore, because their costs go up; so they need to keep those prices higher.
Meanwhile no one’s getting raises since all the rich people are just paying each other, so we all get fucking squeezed.
and that is why we organize
It’s sad that the killing of children and other innocents to distract from the Epstein files results in the price of gas being the main concern for the average American.
The psyops have worked. The masses are in dreamland.
We’ll know our disinformation program is complete when everything the American public believes is false.
~ William J. Casey, dir. CIA
https://www.quote.org/quote/well-know-our-disinformation-program-is-complete-623500
People who don’t have space to look up are focused on things that directly impact them. More at 11
Yes, American propaganda is fucked. Don’t shit on people for worrying about themselves, get them to also see how the things that impact them impact others more.
I feel it’s a bit pre-mature to proclaim the war as “over”
Yep Iran says Israel must leave Lebanon and Israel has announced they will not.
Silver lining Trump believes this is a good deal and will be furious with Israel if they cause it to fail. Maybe he’ll actually cut them off from US funds
prices never fall, only rise
They should’ve been falling after 2020. Here we are, 2026 and they’ve only escalated.
Can we finally admit that it is what it has always been? Greed.
Even when we didn’t have the Iran War, prices remained, they never fell. Not if there’s a shitty sale going on that says - oh - the price it should’ve been!
We’re not mad enough apparently at the prices, so we must LOVE it. Fuck society.
So much winning that we will get tired of winning.
Yeah, because, amongst many other reasons, the strategic petroleum reserve is being drained (set to run out in July, I think) and not only will the supply shock of it running out be insane pretty much everywhere in the country, but also, supply chains are super complex, and petroleum products and byproducts are used all over the place, and there’s going to be an enormous and long-lasting series of crazy economic and production ripples in tons of areas people don’t expect - like, as an example, food prices.
Everybody got used to the high prices, so that will be the new normal. We just have to be satisfied that they aren’t higher.
