The worst and most stupid bit is this:
Speaking to crowds on Wednesday, vice president JD Vance said US allies are “suffering from this, frankly, more than we are.”
He claimed this was because they had “focused on a lot of green energy scams and they’re hurting a lot more than we are.”
Vance continued:"As much as we’ve got to focus on getting these gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy.
Oil / Gas is a global commodity, shipped around the world on tankers. If prices are higher in France, someone will take cheaper oil/gas from the US and ship it to France where they can make more money.
In the short term, maybe the US suffers less. But, in the longer term prices well even out as people will sell wherever they can get the highest profits.
US oil export terminals are operating near 100% capacity. The US can’t physically export more than they’re doing already. I think that’s the main reason for the WTI and Brent gap.
I don’t even think we are suffering more. Like my fuel prices have gone up by 10p/litre. I’m seeing Americans pay over $100 to fill their tanks, I paid £60 today, our national debt isn’t sitting at 20 odd Trillion and our stock market didn’t just lose over $1T. Like everything else with these clowns, the truth is the opposite of what they say it is.
From $3.50/gallon to $5.99/gallon on the west coast in the US. We absolutely are feeling the effects of these stupid actions.
$100 for a tank is relatively normal though. Our tow vehicle has a 36 gallon tank so even $3/gallon gets expensive.