Welcome to the No Spin News Weekend Edition.

In California, I feel sorry for you guys.

So the national average of gasoline in California, the golden state, the biggest state in the country, is $5.20.

National average, even after all the carnage in Iran, $3.48.

Now there's a study from the University of Southern California's Marshall School of Business, which is a good school of business,

says by the end of this year, U California is going to pay $8 a gallon for gas.

Why? Because of cap and invest, which is a state law

requiring oil companies to go through amazing amount of hoops to market their product, because it's a

polluter.

So the Marshall School says, get ready in California for $8 a gallon.

So you know.

Joining us now from Arlington, Virginia is E.J. Antony, he was a senior fellow at Unleash Prosperity, that's Stephen Moore's economic group, and he's also a chief economist for the Heritage

Foundation. All right, so United States Americans are going to experience economic pain,

correct?

Yeah, absolutely, Bill. And thank you so much for having me. States, Americans are going to experience economic pain, correct?

Yeah, absolutely, Bill. And thank you so much for having me. Look, the unfortunate reality here is that energy affects everything we do and everything we buy. This is part of the reason why

inflation was so painful under the Biden years. It was because of their war on reliable American energy.

And one of the big problems we're facing now, Bill, is that although we are using less oil in a lot of our day-to-day use,

for example, millions of Americans now have electric vehicles, so they're not spending anything on gasoline.

The problem is that as time has gone on, we spend much more on energy for non-energy uses. I can give you one example.

American farmers buy most of their synthetic fertilizer from Europe, and that fertilizer, the primary ingredient is urea. It's derived from natural gas. So they take natural gas in a lab, they chemically alter it, and that's how you get that,

again, the main ingredient for synthetic fertilizer.

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