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The United States is experiencing the highest gasoline and diesel prices ever in most locations,

and there is no end in sight currently to the Iran War.

This is going to drag on a lot longer than any of us hoped.

Hello everyone, I am Dr. Chris Martinson back with you, founder of Peakprosperia.com,

creator of the crash course, the viral video series that connects energy, the economy, the environment.

I'm an information scout. I'm an analyst. I help separate back from fiction. So let's separate some of that right now.

I'm saying there is no end in sight

to this particular conflict right now. And first we're going to start with the consequence of

this war. Wow. Average price of unleaded, regular unleaded gasoline updated Wednesday last week.

Today is May 11th. And diesel prices are typically about a dollar

higher than that. Good news, I guess, such as it is in some places, Indiana, both and Illinois,

are seeing huge gas price drops just happened thanks to, according to Patrick DeHan, the gas buddy

guy, quote, the state waiving the use tax in excise tax

motorists getting nearly 60 cents a gallon discount with prices falling below four bucks at some

stations. I know where I'm filling up today. He says, I guess he lives close to those stations.

So there is also talk of a national gas tax suspension or waiver or whatever you want to call it.

Now, California obviously is the poster child for just how a national gas tax suspension or waiver, whatever you want to call it.

Now, California, obviously, is the poster child for just how not to do these sorts of things,

reaming their own citizens good and hard, because California made it very hard to find oil and gas and run oil and gas operations within their state. Regulations just drove those out of existence, along with their refiner. So California actually has to buy, believe it or not, they don't buy some of their product from U.S. abundant sources of gas and petroleum products. They have to import it by ship in competition with everybody

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