If $4 Gas Is Sustainable...& Property Tax Relief Is on Its Way in FLA – Top 3 Takeaways – June 3rd, 2026
Takeaway #1: If $4 gas is sustainable than this is sustainable
The daily Iranian saga, that over the past day plus has even taken on the feel of a soap opera has taken on a life of its own...what with the leaked depictions of what went down on Monday between President Trump and Israeli Prime Minister Benjamin Netanahyhu – where Trump is said to have gone off on Bibi about his continued conquest...also related the leaker within the Trump administration leaks to Axios about everything Iran related specifically. Axios has regularly been breaking leaked news like this. But while the stakes and the outcomes in Iran are as big as it gets as President Trump attempts to kneecap the new China-led axis powers without Iran starting a nuclear World War III... For the average American this still comes down each day to what it means for me. As in what am I paying for gas, what am I paying for groceries. At varying points during the past three past months, I’ve posed the question and at times answered the question that if oil were $20 per barrel cheaper than it is right now, we wouldn’t be having this conversation. That is to say that in the day-to-day the average person simply doesn’t care about Iran if they don’t feel like they’re paying higher prices for Iran. But what if it suddenly didn’t feel like we were paying for what was happening in Iran? I’ll explain. The average gallon of gas across the U.S. costs $4.26 cents today (in Florida that drops down to only $3.94). Did you know that on an inflation adjusted basis, even if gas averaged $4.26 for the entire next year, it would only equal the 9th most expensive year for gas? What’s more – would you have known that four of top five all-time and each of the top three years for the most expensive gas came during the Obama administration? That’s right...on an inflation adjusted basis the average price for gas in 2012 was $5.07. It was $5.04 in 2011, $4.84 in 2013 and in 2014 it was $4.57 per gallon. Which raises the question btw, where were the stories about the historically high gas prices in your GSS news all of those years? Do you even have memories of those being historically expensive gas price years? Even 2022 – the year of peak ‘Bidenflaton only led gas to an inflation adjusted $4.35 per gallon. More expensive than what we’re paying today but far less than all four of the peak Obama years...by a lot. So, consider this...the price of oil has been averaging $91 over the past week...that’s the price where it is today. With the help of multiple AI tools, I modeled what the average prices for regular unleaded fuel would be in this country if that was the average price this summer. If there aren’t other supply shocks...a la a highly destructive hurricane in the Gulf or something...the answer would be $4.05 nationally (or 21 cents lower than the price paid today) and $3.85 in Florida (or 10 cents lower than the price paid today).
Takeaway #2: Those prices wouldn’t even equal a top ten year for gas prices in this country
It would also mean that we would have seen the peak in inflation for this cycle with those pressures easing a bit going forward generally. And so, here’s the thing. If $4 gas is sustainable – and all of those Obama years would seemingly suggest that the answer should be yes, right? After all, two of those Obama years brought us $5+ gas! A dynamic President Trump seemed to discount somewhat in the immediate aftermath of the onset of the Iranian war was the supply chain shock for immediately freezing 20% of the world’s oil supply. He seemingly believed that by increasing U.S. production, increasing Venezuelan oil production (which is now nearly 50% above production levels prior to Maduro’s ouster) and reworking world supply chains the shock wouldn’t be so great. Well guess, what. It’s increasingly appearing to be the case that he’s right. Venezuela's cranking oil out at an ever-faster pace, the U.S. is exporting a record amount of oil through the Gulf of America, and slowly but surely global supply chains are starting to normalize under the conditions of a closed Strait of Hormuz. If $4 gas is sustainable, then the current state of affairs in Iran could potentially be sustainable...for us anyway. For Iran...not so much. The impact of the Strait being closed is the equivalent of the impact of the peak of the Great Depression experienced in the United States. In war it’s rare if ever the case that everything will go according to plan – but this plan...to effectively collapse the well-Imam Islamic terrorist regime of Iran – while also knee capping China’s axis network, just may work.
Takeaway #3: It’s advancing...
Yesterday, much of the day at the special state legislative session to consider Governor DeSantis’s property tax relief proposal was spent by Democrats who talked a lot about police and their constituents. That was instructive for two reasons. We finally found a time elected Democrats in this state are willing to rally behind police. It wasn’t of course in the wake of George Floyd when they protested in the streets and took knees. It’s not of course when they’re removing illegal alien rapists and drug traffickers from our streets. But it is when they think they can use them to attempt to extract a maximum amount of money for their preferred government agencies from the roof over your head. Oh yes, we heard sob stories about police and firefighters who won’t be funded. There were stories of children's services and education outcomes too. Btw, how good are education outcomes for families that can’t afford to keep a roof over their head? Just curious. But you know what not one Democrat mentioned? That they’ve voting against what even 66% of their registered Democrat constituents want to see enacted – based on Monday’s latest polling. Democrats in Florida’s state legislature didn’t vote for what 80% of Florida voters want them to vote for. It’s not a surprise that Democrats in the state legislature sided with government bureaucracies over your ability to own and afford property. It’s not a surprise that they’d make up lies about outcomes to do it. But it does show how desperate these people are that they’re now hiding behind the police they’ve been known to protest to do it. I’ve said it for years and it’s on display this week. There is no such thing as a reason in the Democrat Party. They’re extreme at all levels of government. 80% of Floridians want the legislature to pass meaningful property tax relief. Democrats in the state legislature aren’t willing to vote to do it. That’s about as extreme as it gets. But make no mistake proposed property tax relief is advancing to November’s ballot. With a 75 to 26 vote in Florida’s House and in the Senate 30-9...– it's coming.