# Gas prices, oil at $100

News · Heat 2.2 / 10 · 11 shows · 2h 8m airtime

On September 1, with the national average near $4 a gallon, up about a dollar since before the U.S. strikes on Iran, President Trump met oil and gas executives about increasing capacity. Crude has since topped $100, Brent reached $115 on October 27, and national gas sits around $4.27 with diesel about $6.31 after a record $6.40. Trump rejected Iran's seven-day ceasefire proposal to reopen the Strait of Hormuz and is still reported to be weighing a 90-day diesel export ban, which Energy Secretary Chris Wright, oil executives and the leaders of Japan and South Korea oppose. Trump now says the country is making more money than ever because oil is so high; Vance says prices will not fall when…

Page: https://boilpoints.com/point/gas_prices_oil_at_100_301058672

## Segments

- [Up First](https://boilpoints.com/u/upfirst), 2026-09-02, 5:49 to 6:20: **Introduces the political pressure over gas prices**. Introduces the political pressure on Trump over gas prices, noting his meeting with oil and gas executives and a new Venezuela oil deal, and reports the national average near $4 a gallon - about a dollar above pre-strike February levels. New angle: National average gas prices are about $4 a gallon, roughly a dollar higher than in February before the U.S. strikes on Iran.
- [Up First](https://boilpoints.com/u/upfirst), 2026-09-02, 5:57 to 7:23: **Explains why oil can't move before November**. White House correspondent walks through why the Venezuela bet and the oil-executive meeting can't move prices before November: Venezuela's reserves need years of rebuilding, and the Hormuz disruption is the actual choke point.
- [Up First](https://boilpoints.com/u/upfirst), 2026-09-02, 6:59 to 9:00: **Adds pollster and RNC voices on gas prices**. Adds Republican pollster John McHenry saying Trump has an incentive to act on gas prices, and former RNC communications director Doug High saying Trump's side issues - like renaming Lake Ontario - hurt Senate candidates in tight races.
- [Up First](https://boilpoints.com/u/upfirst), 2026-09-02, 8:49 to 9:21: **Recaps the polling on gas prices**. Recaps the polling on gas prices and Trump's exposure: about $4 a gallon nationally, under $3 in February before the strikes on Iran, and even his base growing frustrated. It stays inside the numbers already on the record.
- [Morning Wire](https://boilpoints.com/u/morningwire), 2026-09-09, 1:42 to 2:11: **Leads with crude topping $100**. Leads the episode with the market side of the gas-price story: crude tops $100 a barrel for the first time since July as the Iran war enters its seventh month, with crude up nearly 40% since the fighting began. New angle: Oil hit $100 a barrel for the first time since July; crude is up nearly 40% since the fighting began.
- [The Daily](https://boilpoints.com/u/thedaily), 2026-09-17, 0:52 to 3:42: **Returns to the Florida station owner on prices**. Returns to the Florida station owner from the earlier trip: he reports competitors jumped 20 cents overnight to $4.19 while he held at $3.99, and customers keep asking why. A first-hand price point on the pump spike. New angle: A Florida station owner saw competitors jump 20 cents overnight to $4.19 while he was still at $3.99.
- [Pod Save America](https://boilpoints.com/u/podsaveamerica), 2026-09-18, 12:01 to 15:09: **Reports the pipeline strike behind the price surge**. Adds a specific cause to the price surge: Iranian-backed militias bombed Saudi Arabia's 745-mile east-west pipeline, the main overland alternative to Hormuz, and analysts expect a major uptick in oil prices with no relief until 2027. New angle: Iranian-backed militias bombed Saudi Arabia's 745-mile east-west pipeline, the main overland alternative to Hormuz.
- [Morning Wire](https://boilpoints.com/u/morningwire), 2026-09-18, 3:01 to 4:03: **Puts a number on the diesel record**. Puts a number on the diesel record: $6.40 a gallon, up nearly 73% from last year, with the climb traced from $3.68 in February to $4.80 by mid-March. Adds Trump's North Carolina rally line that the price is worth paying and will come down. New angle: Diesel hit a record $6.40 a gallon, up nearly 73% from last year, from $3.68 in February.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-09-28, 31:54 to 33:07: **Reports the White House leaning against a ban**. Reports the White House is signaling it will not ban diesel exports, with Ted Cruz telling refining leaders voluntary restrictions may replace a ban and Trump warning a ban could push gas prices up. A next step in the export-ban thread the card had left open. New angle: The White House is signaling it will not ban diesel exports, with Ted Cruz telling refiners voluntary restrictions are possible.
- [Pod Save America](https://boilpoints.com/u/podsaveamerica), 2026-09-29, 1:58 to 9:30: **Works the diesel ban and pump prices**. Opens five weeks out with gas at $4.50 and diesel at $6.50, then works the administration's response: a still-weighing 90-day diesel export ban, a $15 billion Iowa steel plant not due until 2030, and Iowa diesel at $6.58, roughly double a year earlier. New angle: Trump is reportedly still weighing a 90-day diesel export ban; the U.S. exports about 1.25 million barrels of diesel a day.
- [The Dan Bongino Show](https://boilpoints.com/u/thedanbonginoshow), 2026-09-29, 44:04 to 46:01: **Sharpens the oil figures on Iranian exports**. Three minutes on the oil war inside a broader midterms argument: Bongino says Gulf exports are nearly back to pre-war levels and Iranian exports have hit zero, a firmer figure than the earlier 'possibly collapsed to near zero.' New angle: Gulf oil exports are almost back to pre-war levels and Iranian exports have hit zero.
- [Today, Explained](https://boilpoints.com/u/todayexplained), 2026-09-29, 2:17 to 13:05: **Walks through the diesel spike and its reach**. Axios's Nathan Bomey walks through the diesel spike: why truckers, farmers and Northeast heating-oil households are exposed, how fast it reaches grocery aisles, and who profits. Adds the war's 200-day mark, Trump's rejection of Iran's seven-day ceasefire offer, and Tesla Semi production. New angle: Trump rejected Iran's proposal for a seven-day ceasefire to reopen the Strait of Hormuz.
- [Today, Explained](https://boilpoints.com/u/todayexplained), 2026-09-29, 17:01 to 28:26: **Details the floated diesel export ban**. Brings on a Wall Street Journal reporter in Houston to detail the floated diesel export ban: Goldman's estimate of about 25 cents a gallon per week, Chris Wright's preference for a voluntary pullback, and the industry's collusion worry. New angle: Goldman Sachs estimates a diesel export ban would cut prices about 25 cents a gallon each week it lasts.
- [Morning Wire](https://boilpoints.com/u/morningwire), 2026-10-01, 9:25 to 14:48: **Cites a Dallas Fed survey on fuel prices**. Brings on the Cato Institute's Scott Lincicome, who says oil flows are near pre-war levels but refinery capacity in the Middle East and Russia is still constrained, and cites a Dallas Fed survey of energy producers expecting higher fuel prices for about a year.
- [Morning Wire](https://boilpoints.com/u/morningwire), 2026-10-01, 10:04 to 15:19: **Cross-checks the oil-flow numbers**. Lincicome cross-checks the oil-flow numbers: J.P. Morgan and Goldman now put flows near pre-war levels, but refinery capacity in the Middle East and Russia stays constrained, so the Dallas Fed survey says high fuel prices last about a year.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-01, 13:31 to 15:18: **Adds Wright's opposition to a diesel ban**. Reports the White House is in crunch talks on a diesel export ban as midterms near, with diesel at a fresh all-time high above $224 a barrel. Adds Energy Secretary Chris Wright's on-record opposition, a named official response the card did not have. New angle: Energy Secretary Chris Wright said a diesel export ban would be counterproductive.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-01, 16:29 to 19:47: **Adds foreign leaders pressing against the ban**. Adds the pressure campaign against the export ban: oil executives and foreign leaders, including Japan and South Korea, are urging Trump not to act, with Europe's diesel dependence as the lever. New angle: Oil executives and leaders of Japan and South Korea are urging Trump not to ban diesel exports.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-01, 19:47 to 23:16: **Adds Russia's diesel ban and trucking bankruptcies**. Adds two developments to the diesel story: Russia extended its export ban through the end of October, and sixteen U.S. trucking companies have filed for bankruptcy as diesel costs soar. New angle: Russia extended its diesel export ban through the end of October, and 16 U.S. trucking companies have filed for bankruptcy.
- [The Bulwark Daily](https://boilpoints.com/u/thebulwarkdaily), 2026-10-01, 33:47 to 35:48: **Adds the spring peak and China's cut**. Last joins to walk through his newsletter on the energy spike: oil peaked just under $113 in the spring, world strategic reserves are near zero, and China cut imports 40 percent. Adds the spring peak and the China figure to a file that had tracked only the $100 mark and the drawdown. New angle: Oil peaked at just under $113 a barrel in the spring, and China cut its oil imports by 40 percent.
- [The Bulwark Daily](https://boilpoints.com/u/thebulwarkdaily), 2026-10-01, 36:15 to 39:43: **Lays out the oil risk premium**. Last lays out the risk premium baked into oil markets: the cost of moving a barrel from the Gulf to Asia jumped from $3 to $34, and Hormuz traffic is running at 50 to 80 percent of pre-war levels even as China buys again and reserves refill. New angle: The cost to ship a barrel of oil from the Gulf to Asia rose from $3 to $34.
- [Morning Wire](https://boilpoints.com/u/morningwire), 2026-10-04, 9:53 to 12:15: **Pivots from diesel to permitting costs**. Hagerty calls the diesel spike transitory and ties it to the Middle East war, then pivots to housing: his Freedom to Build Act targets permitting and compliance costs he says add $100,000 to the average new home.
- [Global News Podcast](https://boilpoints.com/u/globalnewspodcast), 2026-10-05, 10:48 to 13:58: **Cites Kepler data on Hormuz bypass pipelines**. Goes to Kepler data and finds Middle East oil exports briefly topped pre-war daily rates at the end of September, with about 40% of the region's oil bypassing Hormuz via pipelines, Ras Tanura and UAE shuttle runs, while Iran's exports collapsed to near zero. New angle: About 40% of Middle East oil bypassed Hormuz in September; Iran's exports possibly collapsed to near zero.
- [Pod Save America](https://boilpoints.com/u/podsaveamerica), 2026-10-06, 26:54 to 33:38: **Adds diesel supply and Hormuz insurance costs**. Adds a market-level detail to the diesel story: refined products like jet fuel and diesel are down to about 20 percent of pre-war levels, and tanker insurance in the Strait of Hormuz has jumped from $30,000 to sometimes over a million dollars. New angle: Refined petroleum products are down to about 20% of pre-war levels; Hormuz tanker insurance runs from $30,000 to over $1 million.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-07, 8:52 to 16:41: **Walks through the physical diesel crunch**. Walks through the physical side of the diesel crunch: California at $8.44 a gallon, refiners at 97% capacity, a fire at Russia's Sochi port, Russia's October diesel export ban, an explosion at Venezuela's second-largest refinery, and a record $19 physical differential that puts dated Brent near $125. New angle: California diesel averages $8.44 a gallon and the physical differential hit a record $19 a barrel.
- [The Megyn Kelly Show](https://boilpoints.com/u/themegynkellyshow), 2026-10-07, 10:53 to 14:27: **Pulls the midterm polls into the gas story**. Pulls the midterm politics into the gas-price story: a YouGov round in seven key states, Enten's finding that Trump is underwater on gas prices with his own voters, and the hosts' read that the Iran war is the worst of Trump's price drivers. New angle: YouGov's seven-state round has Democrats leading five Senate races, with Tallarico up six in Texas.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-15, 41:54 to 42:53: **Plays Trump's pitch on high oil prices**. Plays a clip of Trump on the campaign trail arguing high oil prices are making the country more money than ever and that he cares about the little person, then notes voters do not seem to be buying the framing. A new on-the-record pitch in the gas price story. New angle: Trump says the country is making more money than ever because oil is so high.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-19, 6:40 to 13:29: **Updates Brent at $110 and the diesel price**. Updates the oil price thread with a fresh high: Brent touched $110 a barrel on Friday, with national gas around $4.30 and diesel about $6.31. Reads the State Department travel warning and pivots to Egypt's pledge of support to Saudi Arabia. New angle: Brent crude touched $110 a barrel on Friday, with national gas about $4.30 and diesel about $6.31.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-19, 35:53 to 38:06: **Plays Vance blaming refining capacity for gas prices**. Plays a clip of JD Vance at a Michigan town hall blaming high gas prices on refining capacity lost under Biden and conceding prices will not fall when the conflict ends. The hosts argue voters will tie the spike to the Iran war and that Vance cannot defend a war he opposed. New angle: Vance said about 20% of American refining capacity went offline under Biden and prices will not fall when the conflict ends.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-20, 42:40 to 44:22: **Puts fresh numbers on the oil spike**. Puts fresh numbers on the oil story: national gas at $4.27, Brent at $111, Michigan diesel at $6.42, and Trump's claim that prices are going down, down, down. Reads it as a political liability rather than new market news. New angle: Brent crude is $111 a barrel, national gas $4.27, and Michigan diesel $6.42.
- [The Daily](https://boilpoints.com/u/thedaily), 2026-10-21, 4:28 to 8:04: **Recaps the oil shock's pass-through to prices**. Casselman walks the inflation arc from the 9 percent 2022 peak to about 3 percent when Trump took office, then through tariffs and the Hormuz shutdown to September's 3.7 percent. It is a recap of the oil shock's pass-through, with heating oil up 74 percent as the one fresh figure.
- [The Fox News Rundown](https://boilpoints.com/u/thefoxnewsrundown), 2026-10-24, 20:55 to 22:20: **Explains the diesel spike and blames the EPA**. Senator Lankford gives the Republican case on diesel: prices up $2.50 from last year, blamed on Ukraine, Hormuz and Houthi strikes on Saudi refining, with the EPA faulted for blocking new U.S. refining capacity. A first-hand on-the-record explanation rather than a new figure. New angle: Lankford says the EPA has blocked the U.S. from adding new refining capacity.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-26, 14:27 to 17:01: **Plays the regional pump-price spikes**. Plays a CNN segment on regional pump spikes: Michigan up 33 cents in two days to $4.77, Ohio up 39 cents, and Michigan households out almost $650 since the war began. Frames gas prices as the metric that predicts midterms. New angle: Michigan gas rose from $4.44 to $4.77 in two days; the state's drivers have paid $2.6 billion more since the war began.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-26, 35:52 to 40:59: **Reacts to Trump dismissing the headlines**. Plays the clip of Trump saying the country is making hundreds of billions and trillions and that he does not care about the headlines, then argues the administration serves oil executives and oligarchs. A reaction segment that stays inside the claim already on the record.
- [Breaking Points with Krystal and Saagar](https://boilpoints.com/u/breakingpointswithkrystalandsaagar), 2026-10-26, 48:45 to 52:53: **Explains why oil stalled near $100**. Brett Erickson explains why oil never hit $200: China's 1.5 million barrel-a-day import cut and CENTCOM's costly Omani route set a floor near $95 to $100. He flags an OFAC press release acknowledging payments into Hormuz Safe, the formalized Tehran toll booth. New angle: An OFAC press release acknowledged payments into Hormuz Safe, the formalized Tehran toll booth.
- [Pod Save America](https://boilpoints.com/u/podsaveamerica), 2026-10-27, 14:18 to 20:47: **Works through the closing gas price message**. Plays Trump's weekend riff about making a fortune while people suffer at the pump, then works through why the closing message lands badly a week out. The one hard number it adds is a new Brent print, above the $111 on the card. New angle: Brent crude is at $115 a barrel.