03/11/2026
Ok gas is up. Some are bitching and others are saying oh it will go down as soon as Trump finishes with IRAN in a few weeks. Don't hold your breadth. But the real reason for this post is I wonder why gas in the US is up so much so quickly, when the crude coming from the mid-east, which accounts for about 3% of that region's total output, is not used to make gasoline.
The mid east, the US, Venezuela produce heavy sulfur oil, used for Jet fuel, industrial solvents, asphalt, etc.
Light Sweet Crude as comes from the U.S. (Permian Basin, Bakken), the North Sea (Brent), and West Africa (Nigeria). is used for producing gasoline, kerodene and diesel.
U.S. refineries can process light sweet crude (about 40% of the refineries), but the majority are optimized for heavier, sourer grades, resulting in a system that often exports domestic light oil while importing heavier stock. While infrastructure exists to handle light, sweet crude, many refineries were designed to process cheaper, complex, heavy crude oils from foreign sources.
Nearly all gasoline consumed in the United States is processed domestically in U.S. refineries, with 2022 data showing over 134 billion gallons of finished motor gasoline produced. (American Fuel & Petrochemical Manufacturing Association)
MY POINT IS, if most of the gasoline for the US is processed here and doesn't rely on supplies from the Mid-East, WTF are gas prices rising???
Politicians will tell you US gas prices have surged rapidly in March 2026 primarily due to severe geopolitical instability following U.S. and Israeli actions against Iran, which triggered fears of long-lasting, significant supply disruptions.
BULL. It is caused by greed on the trading floor. Currently gas futurs run about $2.70 a gallon and then thos contracts are sold when the price moves up. It's not big oil or politicians. And the press doesn't look into this.
So no, the Mid-east is not affecting our supply all that much and no this will not be over by Easter/Passover.