@bloombergbusiness: American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz, well below levels seen pre-war. He speaks on Balance of Power. #oil #markets #prices #CEO #Hormuz

Bloomberg Business
Bloomberg Business
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Region: US
Tuesday 04 August 2026 22:29:52 GMT
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turfglider63
TurfGlider63 :
nevermind you oil companies could use it here but they want to sell it elsewhere 😂😂 we literally import the oil we use
2026-08-05 01:54:30
0
oldlonewolf63
Lonely-Old-Man :
He's the representant of the big oil companies which are making money like crazy
2026-08-05 01:44:33
0
goodoleboi2
goodoleboi :
They’re price gouging us. The profits are through the roof.
2026-08-05 01:22:30
1
ike.noturner7
ike.noturner7 :
gas is $4.29 wtf is he talking about
2026-08-04 23:20:56
5
the.alex.benitez
Alex Benitez :
all I heard was RECORD PROFITS
2026-08-05 00:06:35
4
mattazpeitia
mattazpeitia :
here's the bottom line theyre making way too much money to lower anything
2026-08-05 00:15:09
5
james_lyndon
James :
Except for the decreased global refining capacity, and the need to refill Strategic Petroleum Reserves.
2026-08-05 00:26:38
1
unseasoned_chicken04
Insert name here :
Lies for Trump it’s over 4.00 where I live
2026-08-04 23:54:58
1
lynn12817
LynnHTX :
But gas will go up anyway, excuses excuses even if it was down for 12 years straight it will never go down big
2026-08-05 00:23:31
1
islasammybear
Isla Samoyed :
Gas is $5.30ish here
2026-08-05 00:22:14
0
winniedepew
Frank Murphy :
Yet oil companies are making record profits
2026-08-05 01:08:15
0
brandon_heith
brandon_heith :
If it’s not affecting the crude price, we shouldn’t be paying more at the pump!
2026-08-04 23:36:43
0
robintothee
Robin E :
This is assuming the bab el-mandeb strait and the Suez canal is open. That is not certain...
2026-08-05 00:02:29
0
boxerdogs1_
none yo business :
all horseshit even before the strait was shut down and all these ships that went through they jacked up the prices at the pump
2026-08-04 22:48:53
3
sirarijal
Aashi4mNepal :
Trump and Republicans party will do anything to ruin the country. And theirs delusional fan think what Fox tells them to think.
2026-08-04 23:37:17
0
kingstefan69
Steveareeno :
BS
2026-08-05 01:31:59
0
smarty_dam
Marty :
The U.S. doesn’t use oil from the straight
2026-08-05 00:14:16
0
cursor6042
Cursor60 :
Yeah but the bastards raise it in a fucking split second when Trump bloviates and Iran is on so-called talks.. this is gouging and is so obvious. Record profit for Exxon and chevron.. WE NEED TO BOYCOTT TUE MINI MARTS AND STOP BUYING ANYTHING BUT GAS.. and don’t fill up at one time.
2026-08-04 23:04:49
2
georgegianno95
georgegianno95 :
New laws need to pass to shut the presidents mouth up. He is manipulating the markets. I really hope it crashes during his term, cause it will crash definitely.
2026-08-04 23:19:07
0
baejay1234
baejay1234 :
Oh ya, I’m sure Iran is going to be super cool with everyone building infrastructure to avoid the straight.
2026-08-05 00:16:39
0
up.in.smoke13
up in smoke :
who cares Americans don't get there oil
2026-08-05 02:17:17
0
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