Are you confident that gas will be back under $3 a gallon by the busy summer travel season, Mr. Secretary? There's a very good chance that'll be true. There's no guarantees in war, the timeframe's still not entirely clear. But I think that's certainly a goal of the administration [00:00:16] and very possible. Do you think it's still very possible that gas prices will dip below $3 a gallon in time for summer, which is about six weeks? I can't make any predictions about oil prices or gasoline prices. Yeah, so ah there was some confidence at one point now not so [00:00:36] sure how exactly do you spin all of this if you're in the Trump administration? I mean, things are bad. They've been bad. They're rapidly getting worse. You need to convince voters that they're not gonna keep getting worse, especially as we get into the summer. We get into the prime uh driving months. But the numbers are making it a little bit harder to make that [00:00:56] case. And so they turn in the Trump administration to Kevin Hassett, a guy who has proven himself to not be up to the task of spitting this sort of propaganda. But that said, he is going to try take a look. In terms of the price of oil and gas and this spike, this has to mean higher [00:01:12] costs for corporate America and for consumers. Well, it does in the short run. you mentioned Secretary Bessette, follows these numbers. You know, he made a lot of money following these numbers in the past and being able to trade. And he says these futures markets are saying that basically once we get the straight open, then there's going to be a gusher of oil released [00:01:31] from the Gulf. And that's going to help put prices down relatively quickly. Now there's a little bit of a time lag from that. We've got to get the boats to move from the Persian Gulf to especially Asia where jet fuel prices are so high and that can take a month or two. But once basically the gusher opens, then we expect that oil prices could drop relatively [00:01:52] quickly and certainly ahead of the election. What are you doing to yourself just out of frame that you cannot take that stupid ass eating grin off of your face? That is a very strange [00:02:10] way, even if it was good news, it's economic news. Why are you feeling such strong emotions? Stop using the term gushers, please, for one sentence and acknowledge that a lot of people are not grinning in the way that you are. But anyway, he's at least trying to deliver the [00:02:27] line that, yeah, no, as soon as the straights open, gas is going to be totally cool. Forget the fact that virtually every fuel, every oil and natural gas producing uh complex in the region has been damaged and will need to be repaired over the course of years. Forget all of that, it's all going to be good. Little problem with that. uh Donald Trump isn't happy to just [00:02:48] imply that things will get better. He's just actively lying about how they are right now. Take a look. oh You know what's happened today? Gas prices are way down and the stock market is way up today. So gas prices have come down. Gas will fall down at levels that you've never seen [00:03:08] before. You'll be down to where you were maybe even below. We had it down to, I was in Iowa and we were at 85. [00:03:24] seen in a long time. So you had $2 a gallon. We were down, I think $1.85, $1.90 in Iowa. No, we were not. He's been like, we're back to the lot $1.85, $1.85. If you're a MAGA person [00:03:43] and you can prove that you paid $1.85, I would love for you to present that in the chat. That's a lie, $2 was a lie. There was a period where before he started the stupid war, gas prices were down a little bit from the previous year. There had been some improvement. It wasn't [00:04:00] better than anybody's seen in a long time or whatever. But forget all that, all that is nonsense. Because gas prices are not down now. He is lying right to the face of every one of his voters that right now every day gas prices are going up. He is lying and saying that they're [00:04:17] in fact going down. We know that right now, the average gas price today, 452, a buck 40 more than it was just a year ago. ah My God. Now look, they're coming up with ever increasingly [00:04:33] desperate means to try to bring that down other than just ending the stupid war. So for instance, getting rid of the federal taxation, the surtax that goes on to gasoline, that could help a little bit, like 18 cents a gallon for gas, 24 cents for diesel, they could potentially [00:04:50] do that. But that's still only going to take gas down to where it was about a month ago, it's still significantly up. And every day, the total amount extra that Americans have paid for gas continues to go up, it's up a lot. By the way, it is not up the same amount [00:05:06] everywhere. Now it's easy to take photos of California where the average gas price is like 620 or something like that. And it is crazy here, but not just in California. In Georgia, gas prices are up an average of 116 per gallon. That's the lowest state average increase. In [00:05:21] Ohio, it's up 206 a gallon. I don't even know why Ohio is getting hit so hard. more than two, he's talking about gas being a buck 85. It's gone up more than a buck 85. in Ohio, which by the way has elections coming up. Maybe the voters there could think a little bit about [00:05:39] what Republican governance has done for them. Jared, what do you think? I'm just trying to figure out like, there's the acknowledgement sometimes of where gas was and all this stuff at whatever points in times and it just leaves us in these conversations. Sadly, where Donald Trump is dictating them where we're talking about well, know what in early 2025 or in this [00:06:00] point it was this who cares? Who cares? Where are we living right now? And why are we living there right now? Who cares about what it was previous to this or this point in the year ago? Which by the way, all those are lies. That's where the argument comes and then we end up shooting down those bad points. But where are we right now? And why are we there? [00:06:18] And what are you going to do about that? All the simple things that need to be answered that he won't talk about that Kevin Hassett is grinning about all the time. And that also Clay Travis at one point, him and Kevin Hassett both celebrated the fact that oil companies. more producers, more billionaires are making more money off of it. At least they're Americans [00:06:35] that are gouging us for all of our money. They've said it, they're openly, and Kevin Hassett laughs about it. But why should we be having these debates and arguments over what gas was? The only thing you guys know, I was just in Memphis last week, since I got there, you may [00:06:50] need some gas I drove there. And then you look up and I was like, damn, we're at 410. I didn't know it was worse as you go a little bit more into the Midwest, not deep, deep south. Similarly, I guess that's what's happening in Ohio too. Who really knows why these things are happening the way that they're happening? But we do know, I mean, as far as the variations, but we do [00:07:09] know a big driver of it is the guy who keeps talking about he's this great deal making that is always happening. And now he's rejecting more deals from the country that he invaded and has absolutely zero plan of doing anything different about. Then they'll acknowledge a different point. Actually gas prices will go higher. It's a constant circus. of us following [00:07:28] behind this clown and expecting an answer that makes some kind of sense while we then shell out a lot, a lot more money. And it's not just gas prices, by the way. You would think that at least like for the purposes of not losing the midterms, they would try to wind this thing [00:07:44] down, get the gas prices down. Like just telling people day after day after day that they're not experiencing the struggle they are is a terrible political strategy. But it's one they've stuck with for the better part of a year now. Really smart.