@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.
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
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Ross Demmon :
Price. Gouging.
2026-05-29 21:29:27
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dlidyy :
Still cheaper than 2022
2026-05-31 18:48:58
6
wil4prez :
Corporate greed
2026-05-30 03:08:57
6
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
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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
... :
Maybe we should build infrastructure for our fracked oil
2026-05-30 00:58:29
87
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
Mistari :
Prices are coming down.
2026-05-29 18:23:29
7
Joe :
Oil companies are greedy ..they are posting record profits
2026-05-29 23:00:58
14
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 :
the oil companies will post record high profits for the 2nd quarter.
2026-05-30 05:18:01
8
Oats&boats88🇺🇸🥓 :
So the US should pull out of the economical world oil world
2026-05-29 20:53:17
45
ezzel :
Oil prices go off the Global Market price. So it dosent matter where u get it from
2026-05-29 17:48:22
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David :
It’s almost like a supply and demand issue.
2026-05-29 17:13:17
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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
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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 :
great explanation thanks 🤔💯
2026-06-16 07:08:53
2
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 :
o
2026-05-30 16:00:10
3
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