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CBS Evening News

CBS Evening News

2,400,000 subscribers

👁 21,002 views

War in Iran squeezing U.S. oil supply, driving up gas prices

Video Overview & Insights

The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez has more on the energy shock.

Why are we in America paying high prices for our oil . It's our oil isn't it and not effected by any blockage anywhere . Any company taking oil out of our ground that is shipping it out of the country and leaving us with high prices because of it , should not be allowed to stay in business .

— @greatergood9942

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After getting venzuala oil by USA. The prices of oil should go down.People of USA waiting for venzuala oil

— @wakeelkhan6593

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This is ridiculous. Even Trump has admitted that we have the largest oil reserves here in America.!!!!!!!!! it is a proven fact… Yet our prices are going up?!?!?!?!!!!!!

— @starsmith8698

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Funny how the US gets the oil from America countries, but still rise the prices to the sky like if comes from iran. And no one says anything....

— @berenisse1000

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Winner datelite claro telefono graty plane 900 peso

— @ArmandaDelarosa

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I'm sure these media people can afford gas prices..Make over a million dollars a year..Media Suchs

— @kenflint6127

More User Perspectives

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I read that less than 2.5% of the USA's oil supply comes out of the hormuz strait. So, either US oil companies are seriously price-gouging and capitalizing on the fact that Americans don't understand what is going on and think the price increase is justified, or I don't understand why our oil prices should or shouldn't be affected by oil shortages on the other side of the globe. It seems strange to me that we have our own supply yet our prices should increase when there is a problem with supply somewhere else.

@Temerar1ous
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Drill baby drill😂

@azazelsamael6957
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Basis for the war- prevent Iran from having nukes. Maybe we should just give ALL nations the codes to the US nuclear arsenal, so that they would all feel secure and live happily ever after. What, you don't trust everyone to have nukes? I know people from other countries who think every nation has a right to build nukes.

@timx1733
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LMAO! Welcome to "normal" Newsome California gas prices folks! Before the attack on Iran, 87 octane was already over $4.30/gal. On 3/10, lucky to find it at $5.03. If people are sensitive to gas at that price, Newsome doesn't stand a chance for his next big adventure running for Prez. Environmental regs and anti oil attitude made refineries shut down and oil producers to leave the state. Now we are dependent on foreign oil being shipped in. Genius move, Gavin!

@timx1733
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when will this war end?

@AnimasiYt2007
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Israel should give $1,500 to each American as gas money.

@andrewbrand200
@

'Mad Max' anyone?

@BertCandela
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I sure won’t be voting Democrat ever again. Most of my close friends also left the party. Gavin chased all our refineries out of the state.

@alanzolotoff6014
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Thanks trump

@Cheesedream
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$7 a gallon in California Bay area Sacramento

@xmanrgil6
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I thought that the United States had plenty of oil reserves. Why is it that we cannot produce and refine our own oil. Why are we still exporting oil? Now is the time to become independent and stop enabling the enemy. Something isn’t right here. I thought the oil industry ran the energy business. ❤❤❤❤❤❤

@RandallJackson-g8e
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My gas is 3.15 in Ohio

@MichaelOSullivan-l8g
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Thanks Trump America 🇺🇸

@GuyAye
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The delusional, leading the ignorant, fighting the fights that don't need to be fought, quickly turning America into a 3rd world dictatorship with it's back broken by debt. Thanks Trump.

@platiusmango7075
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Price Gouging 😡 Heads Are Going To Roll !

@Monkey-King-o8l
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UK England pay £6.30 a galan USA prices at £4 is cheap USA still got it good.

@chrisedwards7371
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More than a quarter tank of gas?

@BeelzebubtheNihilist
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Damn DT... didn't know u was on that JB type ish... Gov fooling the common people once again huh! 🙂‍↔️

@TheGreenVillan
@

Everyone is going to be taking the bus.

@JohnRoper-i1n
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100 dollars per barrel. that means 10 dollars per gallon. We are into this Deep. Israel trapped us into it. Now, we all are going to suffer it.

@amerikanracer3301
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$105 per barrel now

@arsenioseslpodcast3143
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Just think of how rich Trump's oil doners are getting.
Canada - please sell your oil to China instead of the US.

@kenvalenti5414
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Trump has done the complete opposite of what he promised to get elected, higher food, housing, healthcare, gas, prices, no more wars, he gets us in one of the biggest wars in modern times.

@nicholasmuni7995
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Man we be going back to the beginning of times like the Flintstones. In Netherlands we be paying 2.30€ for 1 liter! And on the highway it is 2.55€ a liter. And I guess it will be getting worse

@johnwickhag1331
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Just to be certain before CBS, msnbc, cnn etc started this misrepresenting of energy/vehicle gallon energy/gas related cost: Last month: 2.25 ok tex ark la.....5.65 wa ore cali etc
Stop excuseing the west coast and blue state one party excesses and report on more important and less obvious info😂

@teglaprbambaluftlaurvafhen5449
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We all know that high gas prices actually help the environment for obvious reasons. I can see all those liberals quietly celebrating this from the war they so fiercely protest.

@dwnrange7812
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As a american that didn't vote, im hoping that it can get to $8 a gallon. Because these cartoon Trump supporters are irritating the sh!t out of me.

@IRocPoloN88
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If war is to blame for high gas prices and shortages then how come Russia goes to war for 4 years now and gas prices went to under $2 a gallon, but soon as America goes to war for 2 weeks and gas prices go up?

@Jesus_Loves_You_To
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"Drill, Baby Drill" doesn't mean Americans will pay less for gasoline. US oil is sold at global prices.

@Cakebattered
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Electric utilities up too
Shipping costs up too
Anything made from plastics up too
Groceries up too
Restaurants prices up too
Movie tickets up too
Clothing up too
Nat gas and propane up too
Medical premiums up too

@robertherman1146
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"America is energy independent " says the one who pedals their bike wherever they go.

@2003DDJ
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Those 5 percenters are winning big but not the American Middle Class.

@philiplu7065
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Worst President in history

@8MunchenBayern8
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This is all part of the 5-dimensional chess game played by Trump against five single dimensional players.

@AmperSand666
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“Reporters” need to stop showing Gas Prices in Cali.
California is not America.

@mevans4953
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Bring Biden back ❤❤Bring Biden back he was the best President ❤Biden ❤

@patwyliee8068
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election have consequences no returns...

@Kate-gy7lb
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I thought Trump said he ended the war with Iran ! Last week he said he can end the war with one push of a button 🤦🏻

@AllenTran-y2n
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Gas in Texas now 3.94!!! Regular unleaded.

@sparkles2020-b6z
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Gas stations near me in Florida are starting to run out of gas just like what happened during the 1970’s

@yahyoubetchaa
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Suck it up, it's what it takes to win a war. Do your part but that seems to be a problem for this wimpy generation. Taking their phone or game station would be so devastating to them. How we have declined as a people is shameful.

@Shawn-d6b2e
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Please slow down to only 55 mph max speed for highest MPG. Please stop honking at me now.

@waltchan
@

"This is Biden and Obama's fault."

@iCANT_BELIEVE_YOU_SAID_THAT
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Don't tell the msm anything about the war. They will tell the enemy about your plans.

@FentFloyd-o3h