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Posted on 03/20/2026 12:54:35 PM PDT by Beowulf9
Oil prices have risen to more than $100 a barrel amid escalating conflict with Iran, pushing fuel prices up by more than 20% in just one month. Of course, this is bad news for U.S. consumers. But could it be good news for retirees?
The latest estimates from the Senior Citizens League call for a 2.8% Social Security COLA in 2027 — the exact same raise beneficiaries received this year. But this estimate was made before the Iran situation disrupted global oil supplies. And there’s a chance it could make the 2027 COLA much higher.
(Excerpt) Read more at retire.ly ...
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Remember all the hand wringing with Biden’s gas prices and COL?
Trump: ‘I don’t want to do a ceasefire’ in Iran war just came out so $200 a barrel is not unthinkable...
“so $200 a barrel is not unthinkable..”
Not realistic.
Very realistic as this young war spirals out of control...
“Very realistic as this young war spirals out of control...”
Not spiraling out of control.
Doesn’t look to me like it’s out of control. They are taking out who needs to be taken out.
Oil prices safer than what the alternative was.
... which will affect interest on the debt.
Taking out Iran is vital from a long-term standpoint.
But politicians’ piling on more and more amounts of debt is not too good for the long-term.
I’m so sick of hearing about oil prices. It’s a minor blip in the grand scheme of things.
oh wow! 3.5% …..give me a break …..
I’d agree.
But I think $150 is even money at this point and I might consider a straight-up bet at 170-180.
Its the Trump haters or rapid anti war bitches here on FR, who keep bringing that up.
So it will increase before it disappears? Lovely.
Not enough to keep up with the Mediscare premiums though.
Inflation feeds Inflation. What a hungry beast.
“But I think $150 is even money at this point and I might consider a straight-up bet at 170-180.”
You would be betting with Iran and against Trump.
Iran would have to pull out a nuke to spike prices that high.
Yup. Makes no sense at all. A nine line free fall circle jerk.
Even without the oil increase, 3.5% isn’t nearly enough. Can’t we borrow a few billion from the Somalis in Minnesota and pay our seniors?
With any War Boots on the Ground are what wins them.
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