Responding to Syria Fears, Gasoline Prices … Do Nothing

The LA Times reports:

Southern California drivers are paying the highest pump prices for gasoline in 2½ years amid fears that prices could jump even further if the United States takes military action against Syria….Oil prices shot up this week after President Trump tweeted that missiles “will be coming” to Syria following allegations of a government chemical-weapons attack on a rebel-held Syrian town last weekend.

Hmmm. Gasoline prices always go up in California around this time of year as refineries switch to their summer blend.¹ Nationwide, there’s been a slow, steady rise in gasoline prices over the past couple of years, but no spike in the past month:

The price of oil doesn’t seem to have spiked either:

This probably shouldn’t come as a surprise since, as the Times story itself notes, Syria doesn’t have any oil. Striking Syria may or may not be a good idea, but I doubt it will have any serious effect on gasoline prices.

¹And as refineries mysteriously shut down for a month or two due to “unanticipated” problems.

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate