Gasoline Prices today March 7, 2026, because of Trump's war on Iran

[yidnar]

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We're still under $3 gal.

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we are too .. it may go higher until the strikes end in the next few weeks ..

 

[jknowgood]

So you want to out the interests of gays in Iran before the interest of Americans?

Nothing you say matters. I know you don’t actually believe anything. Not fundamentally. You’ll just say whatever is convenient for you.

No dumbass, Trump took out a leader that chanted death to America. Had ballistic missiles to carry a nuke on, and almost had the nuke ready. So yes my interest is for Americans and other innocent people around the world. I don't mind paying a little more for a little bit for that. It's still lower than Biden has, just paid $2.91 gallon. Oh, and thanks for proving you really don't care about gays if you can't use them politically.

 

[jknowgood]

you are throwing biased bullshit around. This kind of response (attacking the messenger), means you cannot debate the OP and the problem that Trump is causing.

I suggest you go back and stick your head in Trumps ass and continue to enjoy the shit that is there.

Another one just proved you don't like gays, if you cannot use them politically. TDS is showing Americans just how stupid and dangerous you are.

 

[jknowgood]

They're going to get rid of Sharia Law too, right?

Just for Domny Two-Step, Bibi's V.P.

If they are smart they won't.

 

[Luckyone]

Another one just proved you don't like gays, if you cannot use them politically. TDS is showing Americans just how stupid and dangerous you are.

 

[TheGreatSatan]

what a load of misinformed and biased bullshit. You are not worth reading

Your response is my reward.

If I was spewing nonsense I wouldn't be responded to.

America, if WEF/Democrat shillbots and NPCs aren't quoting your post with responses like this, you're not trying hard enough.

me

Democrats = traitors

 

[Luckyone]

Another one just proved you don't like gays, if you cannot use them politically. TDS is showing Americans just how stupid and dangerous you are.

You absolutely have no idea what you are saying and are throwing words out there like if you knew. It is sad to see someone with his head in the gutter and not having any desire to get out of the gutter.

You are a total waste of time. Do not expect me to respond to your posts until you are ready to debate, rather than debase. All it takes is you to understand the difference between the letter "t" and the letter "s", or is that too much for you to understand?

 

[OhPleaseJustQuit]

we are too .. it may go higher until the strikes end in the next few weeks ..

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I'm ready. I send the Ayatollah a big mental one-finger-salute whenever I fill up.

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[Luckyone]

Not necessarily. If he adds insult to injury by also adding egregious regulations and taxes to domestic oil companies, the I will criticize Trump.

egregious regulations and taxes?

So you are in favor of domestic oil companies doing whatever they want and not pay for it?

Wow, you must be (or represent) and oil company, because from what I know, oil companies do not care one iota about you and will charge you what they want and not have to be accountable for their actions.

When oil companies operate without strict regulations and are not taxed according to their profits, they tend to maximize short-term profits, increase production in environmentally sensitive areas, and neglect long-term environmental, safety, and decommissioning responsibilities. Under these conditions, the industry often focuses on increasing production, lobbying against future restrictions, and shifting costs—such as site cleanup—to the public.

Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments​

American oil and gas companies enjoy such extravagant tax breaks on their U.S. income that these companies are paying five times more income tax to foreign governments than they are in their home country—despite extracting most of their oil in the U.S. during this period, a new report from the FACT Coalition shows.

The report focuses on 11 U.S. oil companies with substantial foreign exploration activities, and finds that since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.

Since the federal corporate tax rate was reduced to 21 percent in 2018, FACT finds, these 11 oil companies have enjoyed $173 billion of U.S. pretax income, on which they reported $24 billion of federal tax expense. This works out to a seven-year 14 percent federal tax rate for these firms. Even worse, the companies’ current federal tax payments for these years (not counting taxes deferred to later years) works out to a seven-year average tax rate of only 12 percent.

and totally due to Trump:

5 Hidden Ways the Government Rigs the Market in Favor of Fossil Fuels​

conhsequences:

Burning fossil fuels contributes to climate change primarily by releasing large amounts of carbon dioxide and other greenhouse gases into the atmosphere, which trap heat and cause the planet to warm. This process is the dominant cause of global warming

and last but NOT least:

Oil companies gain over $100 billion in excess profits and tax breaks due to policies under Donald Trump's administration, including roughly $18 billion in new tax benefits and potential windfalls of over $100 billion from LNG exports. These profits are tied to deregulation and a "pro-petroleum" agenda

evidently you enjoy paying more and helping the rich get richer

 

[jknowgood]

You absolutely have no idea what you are saying and are throwing words out there like if you knew. It is sad to see someone with his head in the gutter and not having any desire to get out of the gutter.

You are a total waste of time. Do not expect me to respond to your posts until you are ready to debate, rather than debase. All it takes is you to understand the difference between the letter "t" and the letter "s", or is that too much for you to understand?

I accept your defeat, now move along.

 

[Independent thinker]

Gas prices 52 cents higher per gallon than last week's national average​

The national retail average Saturday for a gallon of regular grade gasoline was $3.413, which is up from $2.982 one week ago, according to AAA.

and

Dallas oil CEO says gas prices could hit ‘$5 or $6’ per gallon due to US, Israeli war with Iran​

Each and every one of us (Americans) are paying for Trump's decision to bomb Iran!

Iran was probably the world's largest threat.

 

[LeftofLeft]

egregious regulations and taxes?

So you are in favor of domestic oil companies doing whatever they want and not pay for it?

Wow, you must be (or represent) and oil company, because from what I know, oil companies do not care one iota about you and will charge you what they want and not have to be accountable for their actions.

When oil companies operate without strict regulations and are not taxed according to their profits, they tend to maximize short-term profits, increase production in environmentally sensitive areas, and neglect long-term environmental, safety, and decommissioning responsibilities. Under these conditions, the industry often focuses on increasing production, lobbying against future restrictions, and shifting costs—such as site cleanup—to the public.

Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments​

American oil and gas companies enjoy such extravagant tax breaks on their U.S. income that these companies are paying five times more income tax to foreign governments than they are in their home country—despite extracting most of their oil in the U.S. during this period, a new report from the FACT Coalition shows.

The report focuses on 11 U.S. oil companies with substantial foreign exploration activities, and finds that since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.

Since the federal corporate tax rate was reduced to 21 percent in 2018, FACT finds, these 11 oil companies have enjoyed $173 billion of U.S. pretax income, on which they reported $24 billion of federal tax expense. This works out to a seven-year 14 percent federal tax rate for these firms. Even worse, the companies’ current federal tax payments for these years (not counting taxes deferred to later years) works out to a seven-year average tax rate of only 12 percent.

and totally due to Trump:

5 Hidden Ways the Government Rigs the Market in Favor of Fossil Fuels​

conhsequences:

Burning fossil fuels contributes to climate change primarily by releasing large amounts of carbon dioxide and other greenhouse gases into the atmosphere, which trap heat and cause the planet to warm. This process is the dominant cause of global warming

and last but NOT least:

Oil companies gain over $100 billion in excess profits and tax breaks due to policies under Donald Trump's administration, including roughly $18 billion in new tax benefits and potential windfalls of over $100 billion from LNG exports. These profits are tied to deregulation and a "pro-petroleum" agenda

evidently you enjoy paying more and helping the rich get richer

All the more reason Domestic Oil Companies should be able to explore more here and build more infrastructure to make us less dependent on foreign oil. I don’t represent oil companies but I have an economics background and understand that it makes zero sense to go over the top with regulations and taxes on the very companies that are a critical part of economic success. An oil company will incur substantial risk to bring a gallon of gas to market so that they might make $0.07 profit on that gallon. Meanwhile, the Federal Government is going to get $0.18 per gallon of gas while assuming no risk. That is nearly 3x the profit the oil company makes and without risk.

 

[jotathought]

In other words, because Biden did it, it is okay for Trump to do it, and given that you support Trump doing it, how can you criticize Biden? If it is okay for Trump, it should be okay for Biden, right?

As such, it is you that should shut up about Biden!

Biden and his administration were pussies to go the least resistant route, while intentionally minimizing fossil fuels and promoting "renewable energy," which is costing Americans far more and it's less sustainable. Not really apples to apples.

 

[Luckyone]

All the more reason Domestic Oil Companies should be able to explore more here and build more infrastructure to make us less dependent on foreign oil. I don’t represent oil companies but I have an economics background and understand that it makes zero sense to go over the top with regulations and taxes on the very companies that are a critical part of economic success. An oil company will incur substantial risk to bring a gallon of gas to market so that they might make $0.07 profit on that gallon. Meanwhile, the Federal Government is going to get $0.18 per gallon of gas while assuming no risk. That is nearly 3x the profit the oil company makes and without risk.

One negative to your post. Companies have profits as their goal, and they generally put that above all else, with no consideration as how it is achieved and who gets hurt along the way. This is why a government is there to control (to a certain point) what and how these companies do business, in order to protect the common man that cannot protect themselves in any way. The goal of government is to protect the people against corruption and the extremes, against things that will harm the economy as well as the environment, and to make sure that all companies have an equal shot at success (stopping the strong from stepping on the not so strong)

As such, what you say is fine, but all extremes are naturally bad, and that means there have to be regulations/restrictions and overseeing to prevent the negatives from occurring.

 

[Leo123]

Still below Biden’s ‘no more fossil fuel’ insanity.

 

[Matted Joybeard]

 

[Dekster]

Gas went from $2.59 to $2.99 to now $3.19 locally. I will just run out all I have then use my $1 off per gallon perk I save using until there is a run up in prices. I probably have 3 or 4 of those at this point.

 

[Luckyone]

Iran was probably the world's largest threat.

that is just an assumption that has NEVER been proven to be correct. Trump "supposedly" made sure of that when he bombed them the first time. In fact, he stated as such:

This article is more than 8 months old

Trump claims Iran’s nuclear capabilities ‘obliterated’​

So how could Iran be the world's largest threat?

In addition, has Iran ever generated a war to take over a nation, such as Putin did with Ukraine? such as Trump did with Venezuela? Such as Trump has said he is going to do with Cuba?

Tell me exactly how Iran can be the world's largest threat (give me facts and not words) and show me when they have actually done something in the last 60 years that would make them the WORLD'S largest threat!

 

[DigitalDrifter]

Thanks for the suggestion. Do you personally own an EV?

Not at this time. Had a Rivian for a while, incredible acceleration, but too much of a pain hunting down the right Tesla supercharger stations, and got fed up with the wait time.

 

[Luckyone]

For your knowledge. I just did my weekly chart evaluation for my subscribers and here is what I said (that I saw on the charts) is likely to happen:

OIL made a new 17-month intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week’s high at 92.61 will be seen this week. Oil rallied 38% in price (due to the war with Iran and its effects on Oil), and this is a signal that at the very least the downtrend is totally over. Given the war itself will have negatives on the supply and demand scenario and cause Oil to automatically rise in price, it could mean a new short-to-midterm uptrend has begun. Oil closed at a pivotal weekly close resistance at 90.79 (closed at 90.90) that if broken would have open air above to the $115 level. On an intraweek basis, a break above 95.03 would open the door for an intraweek rally to 115.68. The reality is that nothing positive (bringing down prices) in the war is likely to happen this week, meaning that the probabilities do favor that scenario occurring and possibly this week. Any confirmed daily close above 92.64 would make that scenario possible/probable. As far as the downside (and negation of this rally) is concerned, the 85.66 level (on a daily closing basis) has some short-term meaning, given that it would negate both of the indicative breaks of resistance seen this week. Probabilities presently favor the bulls on a strong basis, with the end of the war needed for the bulls to lose this momentum.

Many economists are saying Oil will get to the $120-$140 level and if that happens, you are looking at $5 gasoline prices.

Enjoy criticizing Biden and Obama, as if that will prevent you from having to dish out money for gasoline NOW..................due to Trump's actions