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xp84 7 hours ago

> "a Global Fuel Crisis"

Does anyone else find this hyperbolic? Gas prices here in the US are up about 26% from their recent-past price -- it stayed in a very narrow range of about $3.20 for a year or two, and now is at $4.05.

A "FUEL CRISIS" is what you are seeing in Moscow right now. People lined up for miles and sometimes when you get to the front the delivery does not happen because the refinery got blown up. Or at least the 1970s oil crisis. A 26% bump in prices is a major annoyance, not a "crisis."

I would guess that the person who wrote this headline has some kind of a political agenda.

Did he describe it as a "fuel crisis" when gas prices rose from their previous ~2.80 baseline to the peak of $4.93 in June 2022, a 76% increase? Or was it not a crisis then for some reason?

tantalor 7 hours ago | parent | next [-]

I'm not sure what you want. There is a global fuel crisis. Wikipedia calls it a "worldwide fuel crisis". Is this in dispute?

https://en.wikipedia.org/wiki/2026_Iran_war_fuel_crisis

xp84 6 hours ago | parent [-]

It's just an odd choice on a page that's only about USA fuel prices. I wouldn't describe a 26% increase in any price as a ____ crisis. RAM and storage prices, now that's a crisis.

I believe OP's earnest statement that he's not trying to be political. I just think that propagandizing - if that was the motivation - would be dishonest by most definitions:

If one were just trying to boost Dems in the midterms by the classic "gas prices high -> loss for party in control" method, but they were saying "Inflation isn't that bad and gas prices are fine" during the 76% gas price spike in 2022, that's extreme bad faith.

And if one is implying "Fuel prices are higher now, therefore conflict with Iran is bad" I'd argue that's a shitty, cowardly, and selfish metric to base policy decisions on. Surely some battles are worth fighting because an enemy's behavior is too intolerable to allow, and gas prices being temporarily high is annoying, but not reason to capitulate.

pibaker 4 hours ago | parent [-]

26% increase on something that is priced into the price of everything else is huge. In comparison the RAM price surge is a big deal in the consumer market but not nearly as bad as the chip shortages a few years back for industrial use. Fuel consumption is not really elastic either. Most people don't really need a new PC, but if you can't afford gas you will end up jobless real quick.

It can also get a lot worse very quickly when countries' strategic reserves run dry.

lafond 7 hours ago | parent | prev | next [-]

Hi! Absolutely zero political agenda here, just someone wanting to track the price of fuel.

While Wikipedia isn't always to be trusted (everyone knows that), the situation has been widely described as a crisis: https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis.

Just want to clear that up that the jargon is selected specifically from a general understanding and not one from a political skew!

I also wasn't tracking fuel prices back in 2022, otherwise I probably would have included similar dialog given the nature of what caused the prices to rise.

gbear605 an hour ago | parent | prev | next [-]

At the gas stations near me, at the start of 2025, I could get a gallon of gas for around $1.85. The stations near me are now up to around $4.30, a 250% increase. I don't know if I'd quite call it a crisis, but certainly it's a major shock.

sp4cec0wb0y 5 hours ago | parent | prev [-]

Tbf, the U.S isn't the globe.