Source: The American Prospect
by Ryan Cooper
“The latest inflation data from the Bureau of Labor Statistics is out, and the news is not great. The price of gasoline is up 34 percent over the last year, while the price of heating oil is up 74 percent. Diesel is up 70 percent just since August. All that, of course, is because of Donald Trump’s war in Iran, which shows no sign of ending. Just on Tuesday this week, Iran struck five different oil tankers in and around the Strait of Hormuz. In almost every country, the Trump oil shock has greatly accelerated the pace of the EV transition. … There’s just one major exception: the United States.” [editor’s note: So Americans are not ALL buying into the idea of a vehicle that can be controlled by availability and location of charging stations? Imagine that – SAT] [additional editor’s note: Americans buy into vehicles that can be controlled by availability and location of gas stations, don’t they? What’s the big difference there? – TLK] (10/15/26)
https://prospect.org/2026/10/15/trumps-great-gift-to-chinese-automakers-ev-sales-oil-diesel/