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Mike Rounds: “West Texas crude is down below $70 a barrel, matter of fact…”

Featuring: Mike Rounds, Republican | U.S. Senate South Dakota

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Rounds Speaks at Senate Banking Hearing

Published | Video Starts at 04:07

But during that same time he also prepared the people and he said look, we're not going to be in it for long. But during that time period fuel prices, oil prices went up. But I noted this morning that West Texas crude is down below $70 a barrel, matter of fact or $70 per barrel.69 and some odd cents right now. Can you talk a little bit about the impact on inflation that that will have as we move forward as we have a reduction in the price of a barrel … (04:07–04:17)

CLAIM

Asserts that the price of West Texas crude oil is below $70 per barrel.

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