ICYMI: AP: Higher Prices for Gas, Groceries and Flights Will Likely Outlast the Iran War

Fossil fuels are unreliable and volatile, but Trump and Republicans in Congress have gutted clean energy investment across the country, exposing Americans to global energy shocks

Washington, DC – According to experts, if Trump’s war of choice in Iran ends soon, getting back to “normal” will be a “lengthy” process, as industries cope with the months-long closure of the Strait of Hormuz, which has disrupted supply chains for everything from groceries to footwear. Americans have already spent $450 per household on gas and energy since the start of Trump’s war. Now, as the country prepares to celebrate America’s 250th birthday, they’ll be paying even more for hotdogs, ground beef, beer cans, and countless other 4th of July traditions. 

Trump and congressional Republicans have canceled or delayed 391 clean energy projects, leaving us more reliant on volatile fossil fuels. American-made energy is critical to our energy independence and security, but Trump would rather clear the way for his Big Oil donors to rake in profits than protect American families from the shocks of a global energy crisis that he created. 

AP: Higher prices for gas, groceries and flights will likely outlast the Iran war

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict.

“The tendency of gasoline prices to fall slowly is partly because the raw material takes weeks to work through the system until it’s delivered to consumers,” said Michael Lynch, a distinguished fellow at the nonpartisan Energy Policy Research Foundation.

In places without enough refining capacity to meet their needs, such as the West Coast of the U.S., gas prices will take longer to drop, said Mark Barteau, a professor of chemical engineering and chemistry at Texas A&M University…

“The bottom line is that getting back to ‘normal’ will be a lengthy process involving many parties and countries,” Barteau said. “Getting an agreement between the U.S. and Iran to open the strait is just the beginning.”…