If you think this is a small price to pay, then thank Trump.
Higher and Higher
The AAA reports National Average Moves Higher, Inches Toward $4 Per Gallon.
July 16, 2026: The national average for a gallon of regular gasoline went up 10 cents since last week to $3.94. Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices toward $80 per barrel. Most states are still averaging less than $4 per gallon. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it was $4.02.
AAA National Average Fuel Prices
Across the board, all 5 fuel price averages are now higher than a month ago.
The CPI dip in June was a one-time (possibly two-time depending of data collection dates) affair.
Blast Higher Coming
I expect price will top $4.02 this week for the first time since June 17.
Soon, Trump will claim for the 44th or whatever time that Iran is begging for a deal.
Eventually, the market will spike on such lies.
When gasoline prices blast higher this week, please keep telling yourself it’s a small price to pay, and Trump is doing this because he loves you.
There is no other logical explanation.
Escalation in Iran Results in Two More Dead U.S. Troops
Speaking of small price to pay, please note Trump’s Foolish Escalation in Iran Results in Two More Dead U.S. Troops
Trump had a golden opportunity to declare victory and move on. He chose unwisely.
By the way, have you noticed that the “small price” is never paid by those demanding it?
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