WTF! Seriously, what the actual f*** is going on here?!?! As of the time of this writing, AAA reports the national average gas price for regular is $4.1740, down from a high of $4.5580 since the war with Iran began. That’s a drop of $0.388 for no good reason. “Peace talks” have stalled. The Strait of Hormuz is still effectively closed. I read a report that 100 ships have passed through the Strait since hostilities began, a trifle compared to the shipping traffic that would normally traverse the waterway. Yet, prices continue to drop. Granted, gas prices might be dropping because demand has fallen due to the elevated prices of gas; thus, prices are seeking a new daily equilibrium. Nonetheless, this war is far from a resolution, yet the markets are pretending it never really happened. Un-f***ing-believable. How the f*** can people (aka the market) be so f***ing stupid? Clearly, nothing matters anymore. All Dictator Don needs to do is claim — daily and repeatedly — that a deal is close, and the f***ing markets believe him despite nothing happening — over and over and over again. I swear to f***ing God this entire sh*t-for-brains country can’t not be beguiled by the conman sitting in the White House after all this time. How is this even possible? How? Whatever! I give up!
It’s astonishing to me that under Biden’s term — through no fault of his own — the average gas price spiked to $5.62 a gallon with the onset of Russia’s war on Ukraine, which, on its face, was less of a shock to markets than what’s happening now. The direct volume removed from global supply in 2022 was relatively modest — probably 500,000 to 1 million barrels per day of Western-facing supply, not a full cutoff. Whereas about 20 million barrels of oil and oil products were exported through the Strait of Hormuz per day in 2025, roughly one-quarter of the global seaborne oil trade. Iran’s closure of the Strait didn’t just cut Iranian oil; it blocked the exports of Saudi Arabia, Iraq, the UAE, Kuwait, and Qatar as well.
Of course, this flies in the face of energy “experts,” aka gas market analysts, who have been saying since the war with Iran started that we’re reaching a tipping point; we’re weeks away from a barrel of oil skyrocketing; worldwide oil reserves being depleted; it’s just a matter of time before all hell breaks loose and we run out of oil. All this is imminent! Yawn! Talk about the boy who cried wolf. Sure, I guess this could happen, and one would think, I — as an admitted catastrophizer — would readily buy into such a dire prediction, but I’ve grown more skeptical of “experts” who cry wolf too often. Although I don’t think the Strait is going to reopen any time soon, which kinda busts my earlier prediction that Dictator Don would take Iran’s offer to open the Strait if the U.S. withdraws the blockade. I guess we’re at a stalemate, and the world has collectively shrugged, accepting the new “normal.” Have you noticed that stock markets in the U.S. and in Asia have broken new records? (S&P 500 hit 7,609 on 2 June 2026, Dow Jones hit 51,561 on 4 June 2026, Nikkei 225 hit 68,786 on 3 June 2026, and the KOSPI hit 8,788 on 1 June 2026.) Growth in the U.S. appears unabated by the war. Inflation may be rising, but Americans are spending as if there’s no tomorrow. A protracted war with Iran, you say? What war? Christ! Welcome to stupid America. We’ll just binge shop our way out of this mess, like we always do, and The Don! gets all the credit, while Biden still gets all the blame because of course!