You have probably noticed that gasoline is starting to become extremely expensive. That is really bad news for all of us, because our entire way of life depends on cheap energy. We can't make stuff without energy. We can't move stuff without energy. That is why the cost of energy directly affects the cost of everything else. In fact, energy is literally the foundation of our entire economy. If we have cheap energy we will have a high standard of living. If we do not have cheap energy we will not have a high standard of living. It really is that simple.

Prior to the war with Iran, energy prices were quite low, but now everything has changed.

Oil production in the Persian Gulf has dropped by 57 percent from pre-war levels, and hardly any oil and natural gas have been getting through the Strait of Hormuz over the past couple of months.

As a result, energy prices are soaring all over the world.

Here in the United States, the average price of a gallon of gasoline just hit $4.30…

Gasoline prices nationwide surged 27 cents over the past week as oil prices spiked. Drivers paid $4.30 per gallon on average across the U.S. Thursday, compared to $4.03 a week ago.

In late February, the average price of a gallon of gasoline in the United States was less than 3 dollars a gallon.

At this point, U.S. consumers are paying $1.32 more per gallon than they did just prior to the war.

If the conflict with Iran is not resolved quickly, things will get a lot worse.

In order to get an idea of where things could be headed, just look at what is going on in California.

The average price of a gallon of gasoline in California just reached $6.01…