Timeline for What parts of the world are most affected by the closure of the strait of Hormuz?
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| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| 2 hours ago | comment | added | Criggie | @MichaelAtkins-Prescott that's backward sorry. 1 US gallon is 3.78 litres and 1 Imperial gallon is 4.55 litres. | |
| 7 hours ago | vote | accept | Michael Atkins-Prescott | ||
| 9 hours ago | comment | added | Michael Atkins-Prescott | Deleted comments also pointed out that the global fuel market is more than what you pay at the pump. So there are complicating factors like the cost of refining, and demand for oil used in manufacturing. Again, a valid comment, as long as it's not being used to answer the question. But I am asking as a lay person, and as a lay person, the fuel price at the pump is what I see most immediately. And those complicating factors don't undermine the simple fact that when a shipping lane is closed, fuel prices go up. | |
| 9 hours ago | comment | added | Michael Atkins-Prescott | The gist of the deleted comments was that you can't easily separate a supply/demand price shock from a shortage. I'd argue it's a valid comment, as long as it's not being used to answer the question. While I understand this, it's also surely true that some places are paying higher prices due to global supply decrease, while others are paying more due to immediate supply decrease. | |
| 9 hours ago | comment | added | Michael Atkins-Prescott | @JonathanReez ...my maths is off. We went from about $2.30 a liter to about $3.50 (bear in mind, a liter is just under 4 gallons and a US dollar is just under 2 NZ dollars, so direct comparisons are difficult), but that's an increase of more like 50 percent. I made the classic mistake of calculating from the end figure, not the initial figure. | |
| 17 hours ago | answer | added | Lundin | timeline score: 4 | |
| 18 hours ago | comment | added | JonathanReez | Petrol shot up from $3 to $4 on average in the US over a period of ~2 weeks. I guess it wasn't 'overnight' but it was likewise an increase by 1/3rd. | |
| 18 hours ago | comment | added | JonathanReez | @Mark its legal, with American ships staffed by American personnel. But yes, that's defacto a ban. | |
| yesterday | comment | added | Mark | The United States is a net exporter of oil, although due to a protectionist policy that backfired, it's not legal to provide the western states with domestically-produced oil. | |
| yesterday | comment | added | Philipp♦ | Comments deleted. Please don't use comments to answer the question. If you would like to answer the question, write a proper answer that adheres to our quality standards. | |
| yesterday | history | became hot network question | |||
| 2 days ago | answer | added | Allure | timeline score: 8 | |
| 2 days ago | review | Close votes | |||
| yesterday | |||||
| 2 days ago | history | asked | Michael Atkins-Prescott | CC BY-SA 4.0 |