/s/ owner of internal combustion engine passenger vehicle…
And here are three months of RBOB futures (April 2026 settlement):
If the $12 increase of oil price over end-February is sustained (i.e., 17% increase), then one should expect a 4.3% increase in consumer gasoline price by the end of next month, using Hakan Yilmazkuday’s pass through estimates (about 13 cents). Jim Hamilton’s rule of thumb of 2.5 cents for each dollar increase in oil prices implies a 12.3 cents increase.
Can someover over there tell me why you people vvote on a tuesday when most people work. Why not saturday like we do?
The law requires time off to vote. Don’t screw this up for us!
much easier to vote when you are not working and cannot be threatened no matter what the law is. It seems to me it would be easy to sack people because of voting but say it is for another reason!
you would get more people voting.
Why is the capitalist USA penalising employers. It does not make sense.
you should copy us in almost everything we do. Independent electoral authority. compulsory voting, preferential voting and voting on saturday!!!
Not that it’s any surprise, but Miami’s anti-Castro Cuban mob is agitating for the U.S. to attack Cuba:
https://www.politico.com/news/2026/03/03/miami-cubans-want-regime-change-iran-strikes-00808420
Secretary of Everything Rubio is beholden to Miami’s Cuban mob and was among those who pushed the felon-in-chief to attack Venezuela. Polymarket is currently showing 2-to-1 odds against an attack this year.
FYI, Ian Bremner is suggesting that the felon-in-chief, ever grabby for other countries’ oil, might try to grab Kharg Island. Most of Iran’s oil is loaded on tankers at Kharg Island, so getting control of it would give the U.S. control over Iran’s oil exports.
This is not a new idea. When Iran seized U.S. diplomats in 1979, Admiral James Lyons suggested taking Kharg Island to force their return:
https://history.state.gov/historicaldocuments/frus1977-80v11p1/d8
President Carter decided against doing so.
I don’t know how heavily defended the Island is now, but it is not strongly fortified. In 1979, several hundred troops were stationed there.
Trump: “We have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop — I believe, lower than even before.”
So take that, Dr. Chinn.
As for the promised policies to lower oil prices we have not even an executive order but a tweet on Truth Social ordering the United States Development Finance Corporation to provide “at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf.”
How many takers do you think Trump will have for his “insurance?” The guy who has ripped up and disregarded every trade agreement with literally every country on the planet now pinkie-swears he will reimburse shippers if their ships are blown up. One thing everyone should have learned by now is that Trump’s word is worthless and there is no deal that he not backed out of. Anyone would be a fool to pay for this “insurance” — in advance — and then take the risk in the Persian Gulf.
No coherent policy justification for this war from Trump but I have read reports that some military commanders are reportedly calling the war “biblically sanctioned” and a path to the end times. https://www.ms.now/opinion/iran-war-christian-nationalism-hegseth-military-religious-freedom
The behavior of oil prices is quite curious. Back in 2022, Brent crude reached almost $100 per barrel BEFORE Russia invaded Ukraine, despite the fact the EIA’s January Short Term Energy Outlook stated that “We forecast that global oil production will outpace global oil consumption during both 2022 and 2023, resulting in rising global oil inventories.
Today, AFTER closure of the Strait of Hormuz, Brent has risen to only $82, despite the fact the 20% of the world’s oil supply has been disrupted!?!
I don’t mean to get into conspiracy thinking, but you have to admit it looks extremely fishy.