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Host: Gas prices jumping again overnight. The national average is $4.18 a gallon. That's up nearly 7 cents since Monday. It's a new high since the war with Iran began.

31,755 views • 3 months ago •via X (Twitter)

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WHY ARE WE STILL PAYING ALMOST FOUR DOLLARS A GALLON WHEN OIL IS NEARLY $70 A BARREL?! Oil is trading in the seventies right now. Go back and check the history books. The last time crude sat in that range for any real stretch, gas was closer to two dollars and sixty cents a gallon. Today the national average is sitting near four dollars. Something does not add up, and Americans know it. There is an old saying in this business. Prices rise like a rocket and fall like a feather. Economists even have a name for it. The rocket and feather effect. When oil spikes, the pump reacts overnight. When oil drops, that same speed mysteriously disappears. The industry has a story ready every time. They say they are still selling expensive oil bought weeks ago, so prices cannot fall yet. Fine. But watch what happens the moment tensions with Iran flare up. Oil ticks up four or five dollars a barrel and somehow pump prices jump forty or fifty cents overnight, on oil the stations already had sitting in the ground bought at the old cheaper price. You cannot have it both ways. Slow to fall because of old inventory, instant to rise regardless of it. That is not a supply chain. That is a shakedown. Trump has pushed harder than any president in a generation to open up drilling, cut red tape and increase the actual supply of American energy. That is supposed to be the whole point. More supply, lower prices, real relief for working families filling up their trucks. Families are doing the math at the pump every single week. They are not confused. They can see a rocket going up and a feather coming down, and they are done pretending it is a coincidence.

Bill Mitchell

14,474 views • 1 month ago