A lot of gas trapped, oil reserves tapped, and Live Nation gets a (tiny) cap
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 13 March 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
On today’s episode: How big is this gas crisis and could releasing oil reserves help? Also, Live Nation gets a deal from the government.
Related episodes:
Are concert tickets UNDER priced?
Will Trump’s shipping insurance plan work?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Julia Ritchey and Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | NPR. |
| 0:02.0 | This is the indicator from Planet Money. I'm Waylon Wong and I'm joined today by my co-host, Darien Woods. |
| 0:17.0 | Hey, Waylon. Well, today we're also joined by Planet Money's Sarah Gonzalez. |
| 0:22.0 | Hey, guys. Nice to be here. |
| 0:24.1 | And on video this time, I did my hair for you. |
| 0:26.5 | It looks beautiful. |
| 0:27.7 | And while everyone locks in not just their glam, but their prediction market bets for the Oscars this weekend, we here at the Indicator will lock in our Indicators of the week. |
| 0:41.3 | So it's that time of the week when we talk about the most interesting numbers from the news. |
| 0:46.8 | On today's episode, we are talking about gas prices going up, up, up. |
| 0:51.3 | And a plan to maybe get gas prices to go back down, down, down. |
| 0:55.3 | And Live Nation and Ticketmaster live to see another day. |
| 1:00.1 | Nine lives, those guys. |
| 1:01.6 | Those underdogs. |
| 1:07.8 | It is Indicators of the Week, Dary and Woods. |
| 1:10.2 | You are up first. |
| 1:11.2 | So my indicator is 20, as in 20 million barrels of oil trapped, which is 20% of global supply, |
| 1:18.2 | and it's meaning gasoline prices have gone up 20%. |
| 1:21.9 | I am watching the gas station closest to me. The numbers do keep ticking up. |
| 1:25.7 | Yeah, so explain the mechanics of how we got here. |
| 1:28.3 | So 20 million barrels is how much oil and petroleum usually goes through the Strait of Hormuz every day. |
| 1:36.3 | Now, shipping along that route has all but stopped. And so that gives you a sense of how much oil the |
| 1:42.5 | global economy is missing due to the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.