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Oil’s Price Climb Post-Drop

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  • Description

    FBN’s Jeff Flock at the CME on oil’s climb after its biggest price drop in two months.

  • Duration 2:15
  • Date

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This transcript is automatically generated

All right well as oil prices bouncing back today by the way from the biggest loss in two months Jeff Flock.

Can speak to Tracy's -- -- in the -- of the CME with the latest Jeff.

And imagine that she drives an electric car to you know you really can't imagine that's what's really awful.

We do have a close on oil by the way -- breaking news up 47 cents today as you report yesterday a -- -- loser.

9664.

The -- oil up 47 cents oil has been climbing yesterday was a brief.

-- but also our Bob has been climbing I want to show you oil the one month couldn't take a look at the three month on our Bob.

I'm still very very difficult there.

Real high prices on gasoline all over the country and take a look at want to bring in Scott -- if I -- as well.

As we do that I want to take a look at what gasoline has done over the past week over the past month.

Put those numbers up to get.

The increase in the last week the biggest increase the fastest increase in the last two years this is just a downer for the economy right.

Well I think we like to be the economy is doing -- we still have some things that come through that are telling us the same thing that they're Talking Heads are so yet.

It's exactly what we don't need right now even -- the stocks are doing well you know -- sank.

It's like attacks they want to -- like a tax that is you know not a -- -- Levy tax where's it worst well other than California take a look.

Its worst in the northeast that's partly -- Katrina -- indictments and Katrina it was like Katrina for the northeast hurricane related stuff.

But the west a little bit better I think Wyoming is the only state now below three dollars a gallon.

This is just money that comes out of the economy -- goes into oil.

Essentially or gasoline as opposed to -- -- work.

I think you know we could say it's -- tax on consumption but it's really not it's it's it's attacks in the utility.

As we need this stuff to get to work to make the things that we make and sell -- make money so it's bigger than you really think was gonna say it's not like you have any flexibility on that Tracy I know you gotta come to work.

You gotta go take the kids around.

You really don't have much of -- choice I do think you ought to look into electric car however that.

And I can't -- although at the end -- because they're so tell.

I musical smaller suvs just drive slower in Tampa -- -- -- -- in the back accidentally rail at times in the -- We're sort of on the -- someone will -- the jet pack -- again.

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