Understanding the 47% Jump in US Gas Prices

It's official:

The world is now experiencing its biggest energy crisis in history, with 600 MILLION barrels of lost oil supply.

US gas prices are up +47% since December and inflation is nearing 4% in a similar path to the 1970s.

What happens next? Let us explain.

(a thread) pic.twitter.com/DFuWfvE05w

— The Kobeissi Letter (@KobeissiLetter) April 20, 2026