Trump's Energy Dominance Has Protected Americans from the Worst Effects of the Iran Conflict
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Trump's Energy Dominance Has Protected Americans from the Worst Effects of the Iran Conflict
The ongoing conflict with Iran led by the U.S. and Israel has presented a mixed bag for American consumers, who have been hit with rising gasoline prices at the pump. Otherwise, they have remained largely insulated from consequences suffered in most other nations across the globe for one simple reason: President Donald Trump’s Energy Dominance agenda.
AAA reported on Friday that the nationwide average price for a gallon of regular gas stood at $3.32, an 11 percent rise from the week before. That is a fairly muted price response to the effective closing of tanker traffic through the Strait of Hormuz but be warned: Crude prices had risen by 30 percent as of Friday since the conflict began, meaning the full impact of that shut-down has yet to make its way fully into the cost of gasoline.
So, more consumer pain at the pump is on the way. That is especially true in Gavin Newsom’s California, where prices had already risen well above $5/gallon in many parts of the state, with regular averaging a whopping $4.90/gallon thanks to the California Democratic Party’s taxes and myriad environmental fees.
Newsom’s regulators aren’t satisfied, though.........
