Gas Prices Are Forcing Americans To Desperate Measures | Exxon CEO Issues WARNING

Added: 2026-05-11

[00:00:00]So, gas prices keep going higher and higher, but what are American people doing about it? Well, they're being pushed to their limits. That's for sure.

[00:00:09]>> These gas prices got me like people are riding on empty. People are pushing their car just to get it to go a little bit further. I'm seeing more and more people putting in5 and $10 at the pumps. It's getting crazy because before people were normally putting in like 20 $50. Now it's getting to be between between five and 10. Again, huge problem.

[00:00:41]>> You're living paycheck to paycheck. This is this is detrimental.

[00:00:45]>> Fuel prices are hitting the gas hard.

[00:00:49]>> It's just a sudden jump and it's like, okay, so what's next?

[00:00:53]>> For most people, that's the question.

[00:00:56]What's next? Initially, we saw food costs jump and then it was other things like clothing more expensive. Now, it's just gasoline is hitting everything from people are now seeing the the retailers that used to give free shipping. Not anymore. You want a free return? Sorry, not going to happen. Look at the prices though. Look at this right here. As of today, this is May 9th. You can see it right here. It's May 9th, 2026. Gas prices are at $453.

[00:01:29]This is the n national average according to AAA. Now, here's what it's done recently. It's $453 today. Yesterday, it was $4.54.

[00:01:41]The day before that, it was actually $455.

[00:01:45]So, it's actually come down ever slow slightly. But according to experts, they say it's because President Trump keeps saying that this war between the US and Iran is almost over. The war isn't the issue. It's the straight of hormuse is the issue. But listen to what the Federal Reserve Jerome Powell, this Federal Reserve chairman, Jerome Powell, this is what he had to say uh at the end of April. Listen to this right here.

[00:02:15]Because again, this isn't a sign things are going to get better. This is just telling us we are in it for the long haul. Listen to this. If this goes on for much longer and prices go much higher, then we'll feel that much more.

[00:02:28]And of course, I'm talking about aggregate inflation numbers. We know, we're very well aware that people are experiencing higher gas prices all over the country now. And that hurts. Those hikes may continue to happen. and other other things are going to start to reflect air airline fairs I mentioned and and other other products and services that are dependent upon petroleum and derivatives of of petroleum people are going to start to feel that you know you just have to find that out empirically given the fact that we're you know a big exporter of energy and that our economy is far less energy intensive oil intensive than it was during the 70s the effects on the United States are really substantially less than those of Western Europe or or Asia And that is true. Okay. The effects on the United States are far less. That is also because we are producing more, but we also export quite a bit. Listen to what President Trump had to say, though.

[00:03:22]Listen to this right here.

[00:03:24]>> The average price of a gallon of gas is now $4 in this country.

[00:03:28]>> And you know what? And we're not going to have a nuclear weapon in the hands of Iran. The gas will go down as soon as the war's over. It'll drop like Iraq.

[00:03:36]There's so much of it. It's all over the place. Sitting all over.

[00:03:40]>> President Trump says it's going to drop like a rock. Keep in mind this was about a week ago. Gas price was $4.30 a gallon at that time. President Trump says that it's going to be fine. We are going to be perfectly fine. In this same meeting though, he also said when he first considered attacking Iran that he thought oil prices per barrel would easily go up to 150, 200, $250 a barrel.

[00:04:08]He was fine with that because he said that Iran would not have a nuclear weapon. They have highlyenriched uranium right now. Okay, enriched at 60% plus.

[00:04:21]According to reports, they have over 1,000 pounds of this. That is enough.

[00:04:26]Okay, that is way more than they need. I want to play a couple more clips for you, though, because right now, what's happening are people are struggling.

[00:04:36]They can't afford to put gas in their cars, but if they can't afford to put gas in their cars, there's a good chance they're not making it to work, can't make it to the the grocery store or to your Walmart, your Costos, right? can't make it to any of these retail locations, chances are they're not going to buy a house at this time. Not going to buy a new car, right? Again, it's just more problems. Listen to this.

[00:05:02]>> I can't even afford to drive to work anymore. Gas is almost $5 a gallon in upstate New York, and I can't afford it.

[00:05:09]I can't afford to drive a half hour to work every single day. Fill up my gallon. Fill up my gallon. Fill up my tank.

[00:05:15]>> Yeah. Do do you know most people they drive more than 20 minutes just to get to work? The the majority of people drive at least 20 minutes to get to work. Think about that for a second. You have to drive 20 minutes. That means you got to drive 20 minutes to get home.

[00:05:31]Okay? This is why it's turning into an issue. It's a huge, huge issue.

[00:05:40]People are literally biking to work.

[00:05:43]They can't afford to put gas in their car. Listen to this.

[00:05:47]>> Do you know that you can save money by riding your bike to work? If it's 50 minutes each way, that's $10 in savings per day. Over 5 days a week, that's $50 for a span of one year. That's $2,500 that you could be saving just by riding your bike to work.

[00:06:02]>> Yeah, it's actually like $2,600.

[00:06:06]Okay. $2,600 a year is what you'd save.

[00:06:10]But you have to ride your bike to and from work every single day, five days a week, 52 weeks of a year, you'd have to ride your bike. Again, that's a substantial savings, okay? Just on gas.

[00:06:23]That doesn't even include any maintenance. That doesn't include anything like insurance. That also doesn't include a car payment. So, you factor those things in when the average car payment is like $700. And then you got insurance. Well, let's just say that right there. We'll just do an even $100.

[00:06:41]Okay, that takes you $800. Little bit of maintenance. Let's say um or we'll just throw in the gas price, right? Let's say it's $200 a month in gas. That again, that's gas and maintenance. Not bad.

[00:06:53]$1,000. So, total you'd save $12,000 by riding your bike to work and then riding it back. That's a big savings. Okay, that's a very big savings. I want to show you something else though, okay?

[00:07:07]And this is the reason why I'm going to show you this. This is the Exxon Mobile CEO. I want you to listen to what he has to say. Because one of the big questions that everyone's asking right now is once this war between the US and Iran is over, because President Trump said it, once the war is over, gas prices will drop like a rock. Listen to what the Exon Mobile CEO had to say because this right here should shock many people. Our expectation is over time we'll see prices uh respond to that unprecedented uh disruption. Once the straight opens up, it'll take um one to two months for for the flow to reestablish itself. And then you within that time it's going to take uh you know transit time to get the barrels out of the the Persian Gulf and to uh the the demand destinations. The customers are going to it usually takes about a month of transit time. So there will be a time where it takes for the market to recover.

[00:08:04]>> Okay. So it's going to take between one to two months. Okay. Once it opens, it's going to take between one and two months.

[00:08:13]That's what he said on on May 1st. So let's say the the straight of her opens up, let's just say the middle of May.

[00:08:22]That means it's going to be sometime in June or the middle of July before we start to see things really go back to normal. So when President Trump said once the war is over, the gas prices are going to just plummet. They're going to fall like a rock. They won't. And I remember hearing this from somebody that they said that gas prices go up by the elevator, go down by the stairs, meaning that it's very quick to rise, but it's extremely slow to go back down. Part of this, okay, keep this in mind. Part of this is because uh a lot of these consumers, a lot of these uh you know, gas stations, they don't want prices to completely just drop. Yeah, they can get more people in, but here's the issue.

[00:09:10]They pay for the gasoline first. They're locked in a certain price. Okay, they're locked in up here. Okay, but then as the gasoline falls, they have to sell out of all this. Okay, so even though gas prices may be falling, guess what? They lock it in here at let's say uh $4.50 a gallon and then it starts dropping and then they lock in the next price. Let's say it's $4.30 a gallon. It keeps dropping, but yet they they don't get it come all the way down here. They don't get to, oh, I know it's going to drop to $2.50.

[00:09:40]I'll just buy it there. No, they have to stay in business. They have to continue to bring in more fuel. So, again, it goes up by the elevator, down by the stairs, which means it's going to stair step down. That's the difference. Most people don't realize this. Now, here's what I want to leave you with. As of right now, millions of people are struggling. They're trying to save money. They're trying to not buy the expensive food. They're cancelling vacations. Doing all these different things because there's a couple things that they have to do. They have to pay for their rent or their mortgage. They have to pay for their car payment even though repossessions are going up at this time. They have to pay for fuel for that vehicle. So, if you are paying for the the the loan, you're paying for your your car payment. You better pay for the gas. You better pay for the car insurance. You better pay for the maintenance on it as well. All those things are a massive hit. So for some, they are cutting back on everything else just to afford their car. That's a big difference because that's something that we haven't always seen in the past. So, we'll see what happens moving forward.

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