News
Global Oil Flow Halted, Leaving Drivers Paying the Price
Liberty Check
- U.S. gas prices rose from $2.98 to $3.32 per gallon, potentially adding 0.25 inflation points per 25-cent hike per Federal Reserve estimates.
- Very Large Crude Carrier rental rates doubled from $206,000 to over $480,000 daily amid war risks.
- Iraq cut southern fields outflow by 1.5 million barrels daily; Kuwait follows as Brent nears $100, risking $4 per gallon U.S. gas.
Brent crude has surged 24% to over $90 per barrel since Operation Epic Fury began, driving U.S. gasoline prices higher.
Strait of Hormuz traffic plummeted 90% despite President Trump’s war risk insurance for maritime operators, forcing refineries to halt extraction as storage fills.
Government overreach in foreign entanglements threatens economic liberty for everyday Americans pursuing life unburdened by inflated costs.
“The closure of the Strait of Hormuz has put the issue of crude storage capacity in the Middle East Gulf front and center,” Kayrros Chief Analyst Antoine Halff wrote Tuesday on LinkedIn.
“If oil producers reach ‘tank tops’ for lack of export outlets, then they have to curtail output.”
Constitutional conservatives must rally for energy independence to safeguard pocketbook freedoms from global chaos.
Americans deserve better.
