@nbcnews: The U.S. gets a relatively small percentage of its oil via the Strait of Hormuz, but that hasn’t stopped gas prices in the country from soaring since the outbreak of the Iran war. @alliecanalexplains the key factors behind why gas prices have risen, and how it’s related to different types of crude oil being shipped in and out.

nbcnews
nbcnews
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Region: US
Friday 29 May 2026 16:30:00 GMT
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game_iq
Sebastian Beatty :
Answer: companies are greedy
2026-05-29 16:42:22
2409
logande34
Logande :
Corporate greed and price gouging
2026-05-29 16:58:52
746
wearetheworld509
WeAreTheWorld :
Wow! First time NBC speaks on facts
2026-05-29 18:21:39
81
jjabbz
jjabbz :
Capitalism is the answer
2026-05-29 16:44:38
896
tiongktan
Tiong k Tan :
Price gouging should be illegal
2026-05-29 17:44:08
295
leorodriguez6201
leo Rodriguez :
Let me simplify it. We don’t get much oil from the strait for it to affect us but the companies see this as a chance to raise the prices.
2026-05-30 04:07:57
138
rdemm05
Ross Demmon :
Price. Gouging.
2026-05-29 21:29:27
67
dlidyy
dlidyy :
Still cheaper than 2022
2026-05-31 18:48:58
6
wil4prez
wil4prez :
Corporate greed
2026-05-30 03:08:57
6
johnver530
John Ver530 :
You didn't mention Loyds of London at all and the insurance market control of London and the shipping companies control over inflation.
2026-05-30 11:45:39
0
mmarcus_i
marcus_i :
the lesson here is companies have had over two decades to adapt their refineries to accommodate domestic oil production and chose not to to maximize their profits
2026-06-01 04:53:48
6
...5533
... :
Maybe we should build infrastructure for our fracked oil
2026-05-30 00:58:29
87
forever.unapologetic
DJ :
American oil refineries will also sell to the highest bidder which means they're not prioritizing America
2026-05-30 03:33:48
19
mistari5282
Mistari :
Prices are coming down.
2026-05-29 18:23:29
7
fireplugjake6
Joe :
Oil companies are greedy ..they are posting record profits
2026-05-29 23:00:58
14
mrdave_78
Mr.D.B.🐻‍❄️ :
so basically the companies need to update so we can refine the oil we have here in the US.
2026-05-29 18:52:26
47
racercw
Racercw :
the oil companies will post record high profits for the 2nd quarter.
2026-05-30 05:18:01
8
cologuymerica
Oats&boats88🇺🇸🥓 :
So the US should pull out of the economical world oil world
2026-05-29 20:53:17
45
ezzelshoary
ezzel :
Oil prices go off the Global Market price. So it dosent matter where u get it from
2026-05-29 17:48:22
5
davidlh760
David :
It’s almost like a supply and demand issue.
2026-05-29 17:13:17
25
keepin.it.real41
Keepin it real :
So it looks like retrofitted refineries is the answer. That way maybe we could use our own oil with less dependency on outside countrys
2026-05-29 17:48:06
9
ram_notme
R.A.M :
Almost like a major global supply line being shut down is going to affect prices or something
2026-05-29 17:34:26
14
qwolth
Qwolth :
great explanation thanks 🤔💯
2026-06-16 07:08:53
2
steve.c0627
stevecolgan :
it's all bs the oil company's are Price gouging it's all about the money
2026-05-31 10:19:28
2
brushybutch
BrushyButch :
o
2026-05-30 16:00:10
3
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