Not because there's a gas shortage, but because it's cheaper at Costco and people are willing to wait that long to get cheaper gas. $4 a gallon in Michigan is like it is really, really impacts The President is seeing the forecast saying that even if we cleaned up this war tomorrow and the Strait of Hormuz opened oil markets wouldn't get back to pre-war levels until 2027 at the earliest. I mean this is, this is important disruption that is happening that is happening here and is not going to be playing well with people's pocketbooks. (08:45–08:57)
CLAIM
Asserts that oil markets would not return to pre-war levels until 2027 at the earliest, even if the war ended immediately.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
