Stocks slide as gas prices hit record highs | ABCNL

ABC News business and economics correspondent Deirdre Bolton discusses how long the stock market will slide and how the United States’ sanctions on Russia could help lower gas prices.
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26 thoughts on “Stocks slide as gas prices hit record highs | ABCNL

  1. The reason for high gas prices is very easy to understand…..In 2016, American Oil Companies produced 14.837 Million Barrels of oil a day. We also imported 7.259 Million Barrels a day.
    This year, in 2022, American Oil Companies produced 11.900 Million Barrels a day, and we imported 4.400 Million Barrels a day. ….Notice the shortage?….What happens when there is a shortage of a commodity???………The Amount of Oil we are able to import is beyond our control, but can anyone explain why American Oil Companies chose to produce 3 million Barrells a day, LESS than in 2016????…..It makes you wonder.

  2. my son's in the Air Force and he's out in Utah they're paying $4.70 a gallon, what's the Air Force going to do when he can't afford to put gas in his car and drive into base?
    he already gets a housing allowance they're going to have to give him a gas allowance.

    Biden inherited a pretty good country we were in pretty decent shape but he is surrounded himself with radicals who's one goal is to bring America to its knees and it's working.

  3. Oh shut up. All self inflicted. Fed caused most of this. The other half is this dumb administration.. But hey keep sending money to Ukraine.. Americans love inflation high interest rates and over priced everything… This summer gas and inflation 🚀 Enjoy… You haven't even felt the effects from the sanctions.. You idiots are still dealing with your stupid decisions for covid…

  4. Bout time to start taking the payments for gas and electricity bills out of biden and other democrats ass

  5. Nothing to worry about
    People are making more dollars per hour than ever.
    Dishwashers are making 20+ dollars an hour.
    Who cares get out there and spend those dollars.
    Spend spend spend!
    Live like a real shopper!

  6. This comment section is hilarious, how s does this have to be said? The president has little to no control over controlling gas prices.

  7. This whole thing is BULLSHIT!!!! In 1977 gas in Washington state was 60 cents a gallon. January 2021 it was 3.45 or so a gallon. It took 43 years for it for it to go up 2.45 and yes I was around when Carter was in office. Since January 2021 till now it has gone up 2.55 and climbing. This whole Russia- Ukraine is the reason for gas prices is absolute BULLSHIT and everyone with a brain knows it. Biden and his administration is a bunch of dumb Fs.

  8. All of these senators and congressmen that have not forced the Biden administration to open up our old Fields who has not pushed for him to reopen the Keystone pipeline there is one question I would like to ask every single one of them who are pushing nothing but the green new deal how many of you have solar on your house your personal home what car do you drive and in your states and districts did you swap these school buses over to LNG Did you put solar on the schools are wind turbines how about the courthouses how about your personal offices they senators and congressmen need to lead by example not by running their mouths

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