Thread

U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982

182 points · 234 comments · thelastgallon

davidw · 1790652827 · focus · HN ↗
I am frankly a bit bewildered by all this. The US administration lies and lies. The Iranians lie. Doomers keep talking about how gas prices will skyrocket "in two weeks". Occasionally the "everything is fine, nothing to see here" folks wheel out some journalist saying there will be a peace deal any day now.
It's pretty difficult to figure out what the reality is besides "not good".
1. culi · 1790701444 · focus · HN ↗
  Gas has already skyrocketed
  <a href="https://www.gasbuddy.com/charts" rel="nofollow">https://www.gasbuddy.com/charts
  It was higher in price at the peak of the Russia-Ukraine disruptions but that's because it was already coming off Covid-related supply chain disruptions. It rose more from Iran war than it did from the Russia war.
  1. davidw · 1790793648 · focus · HN ↗
    Ok, but if the SPR runs out... that would be a much larger spike, right? That's what some of the doomers keep talking about. Maybe they're correct... I don't know.

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