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lastlib

(28,249 posts)

8. And because everyone else's oil goes through there.....

Reply to Yo_Mama_Been_Loggin (Original post)

Wed Mar 18, 2026, 05:52 PM

Mar 18

And the oil we produce is subject to the same bidding process everyone else's oil goes through, so it's bid up too. It's a bit more complicated than that, but that's a boiled-down explanation.

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Highlight:

The US barely gets any oil through the Strait of Hormuz. So why are gas prices up? [View all] Yo_Mama_Been_Loggin Mar 18 OP

Because our pResident is a ruskie ASSet & pootin loves chaos SheltieLover Mar 18 #1

We don't have real capitalism. pandr32 Mar 18 #2

I'm just guessing here. For extra profit? Market manipulation? Autumn Mar 18 #3

MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Mar 18 #4

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Global pricing is global pricing. Gore1FL Mar 18 #6

An economics professor just exposed the massive scam behind the Iran war LetMyPeopleVote Mar 18 #7

And because everyone else's oil goes through there..... lastlib Mar 18 #8

It's explained by the "Because We Can" theory of economics . . . . hatrack Mar 19 #9

Because any scuffle in the Middle East is an excuse for corporate oil to jack up the price of gas. lees1975 Mar 19 #10