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.

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DEMOCRACY DOES NOT EXIST...

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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