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This story appeared in The Logoffa daily newsletter that helps you stay informed about the Trump administration without letting political news rule your life. Register here.
Welcome to The Logoff: President Donald Trump’s war on Iran has already begun to cost Americans money.
What is happening? Gas and diesel prices are rising as US strikes in Iran continue for the fifth day on Wednesday. The gas is there about $3.20/gallon in the US by Wednesday evening – up 22 cents from last week – when diesel topped $4/gallon for the first time in nearly two years.
High oil prices are a direct result of rising oil prices, fueled by ongoing uncertainty around the Strait of Hormuz – the narrow channel that controls access to the Persian Gulf, through which most of the world’s oil and natural gas flows.
Iran he said on Monday that it would block the channel in response to US and Israeli attacks, and as of Wednesday, traffic through the sea route was down. 90 percent.
If the Strait of Hormuz continues to be largely closed, oil prices are likely to continue to rise. That could cause problems on two fronts: Not only could inflation rise, but the world economy could shrink.
what is the main picture? Trump returned to office promising to address inflation and cost of living issues; at various stages in his first year, he said – for lies – that he had managed to drive gas prices below $2/gallon. In his State of the Union address last month, Trump falsely claimed that gas was “under $2.30 a gallon in many states.”
All that seems to have gone by the wayside now, with the unpopular war and his administration unable to either explain or control.
And so, it’s time to leave…
As Washington, DC, warms up and daylight saving time approaches this weekend, I’m looking everywhere for signs of spring. So this videofrom a zoo in Bedfordshire, England, was hilarious: Four European brown bears with strange fur waking up from hibernation. Enjoy, and we’ll see you back here tomorrow!
