Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East ​worsened, setting up a key test of public approval of President Donald ‌Trump’s decision to attack Iran, analysts said.

Tehran’s retaliation in response to U.S. and Israeli strikes has disrupted global oil supply, as it hit production facilities in neighboring countries and ships in the Strait of Hormuz, ​a key global trade route. Oil prices have surged, with Brent crude rising ​more than 5% to nearly $77 per barrel, and fuel prices moving ⁠up in tandem with the feedstock costs.

  • ILikeBoobies@lemmy.ca
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    10 hours ago

    US has gas taxes pay for roads.

    Canada pays for roads through other taxes so that even people who don’t use them pay.

    Canada sends our oil to the US and then buys it back. That makes up a lot of the difference.

    • Traister101@lemmy.today
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      9 hours ago

      In theory, but the gas tax isn’t anywhere near high enough for that so most of the money ends up coming from property taxes which ironically also aren’t high enough in the suburbs so they siphon money away from citities to pay for it