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WIBC 9AM-Noon Podcast

Hour 3, 4-9-2026

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 9 April 2026

⏱️ 38 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Gasoline prices can come on down pretty rapidly, can't they?

0:08.0

They can, and we've taken a number of measures, as you know, the kind of thing that you advocated

0:12.0

when you were in my spot, that we released the Strategic Reserve, we coordinated with our allies

0:18.0

to do so as well, we increased ethanol production in the summer.

0:24.2

So we've done a lot to put downward pressure on oil prices and gasoline prices.

0:28.9

The refined products, we waived the Jones Act so the refined products could go from the Gulf

0:32.7

of America to the West Coast.

0:35.0

We've taken a lot of steps.

0:36.5

And now with hopefully the peace deal being finalized by J.D. over the weekend and the team,

0:44.1

then things can get back to normal really relatively quickly.

0:48.3

Relatively quickly.

0:50.2

That is the phrase to track.

0:52.4

That was the National Economic Council Director.

0:56.5

And he is saying the economic brain of the administration is like this.

1:02.8

They're trying to get the gas price normalization directly tied to Iran peace deal.

1:11.2

Okay, so that's the chain here.

1:13.9

The ceasefire holds, the straight opens, the oil flows, the prices fall.

1:19.5

You can follow that logic, right?

1:21.3

I can.

1:22.3

But the logic that's hard to understand is that when Operation Epic Fury broke out, the price went up so quickly,

1:30.8

but he says relatively quickly for prices to come down. Well, how quick is that? What is relatively

1:39.2

quickly? I mean, that's kind of subjective. You can come up with your own answer for that.

...

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