{"id":20646,"date":"2026-04-01T18:54:43","date_gmt":"2026-04-01T18:54:43","guid":{"rendered":"https:\/\/gangsterismout.com\/?p=20646"},"modified":"2026-04-05T23:33:46","modified_gmt":"2026-04-05T23:33:46","slug":"crude-oil-on-a-serious-rise","status":"publish","type":"post","link":"https:\/\/gangsterismout.com\/?p=20646","title":{"rendered":"Crude oil on a serious rise – Pete Hegseth revisited"},"content":{"rendered":"

A war tax is being applied because of Trump’s war in Iran. Gas, diesel, and jet fuel have exploded in price. Higher energy prices act as a tax on consumers. If the war’s disruption is short, consumers will weather higher costs. A longer-duration conflict will cause consumers to cut back, reducing demand further. That slows growth and hits investment spending, and does it quickly. In the US, national average gas prices now exceed $4 per gallon.<\/p>\n

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\u201cSecretary of war\u201d Pete Hegseth addressed the public after CNN reported that he and the Trump administration had erroneously assumed that Iran would keep the Strait of Hormuz open.
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\n Iran has mined the strait, fired on ships, choked off traffic, and caused the price of oil and other commodities to soar. It promised today to keep the straight closed.<\/p>\n<\/p>\n
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\nHegseth\u2019s response is that people shouldn\u2019t worry their little heads.<\/td>\n<\/tr>\n<\/table>\n<\/p>\n
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\u201cThey are exercising sheer desperation in the straits of Hormuz,\u201d he said. \u201cSomething we\u2019re dealing with. We have been dealing with it and don\u2019t need to worry about it.\u201d<\/td>\n<\/tr>\n<\/table>\n

Two weeks into a war that began at Trump\u2019s whim, the U.S. appears uncertain about what to do next. As of March 13, 2026, U.S. gas prices have surged to a national average of $3.63 per gallon for regular unleaded. This from the $3.32 average a week earlier and a sharp jump from $3.07 a year ago.
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OILUSD chart<\/span><\/a> by TradingView<\/span><\/div>\n