Hello and welcome. It is Eric Erikson here. The third hour of the program. Glad to have you with me.

The phone number is 87797977-9-7-37-47-4-25. We got some breaking news happening and I'm having my trouble wrapping my mind around it.

The Biden administration has just asked oil and gas companies to help lower fuel costs.

Reuters breaking this news.

The White House has been speaking with U.S. oil and gas producers in recent days about helping bring down rising fuel costs according to two sources, familiar with the matter.

Energy costs are rising worldwide, according to Reuters, in some cases leading to shortages in major economies like China and India in the United States.

The average retail cost of a gallon of gas is at a seven-year high.

Winter fuel costs are expected to surge, according to the energy department.

So, therefore, the White House is asking energy companies to do what they can to lower costs.

U.S. crude oil recently hit $80 a barrel. A buddy of mine is in San Francisco this week.

He sent me a picture yesterday from a gas station in San Francisco where a regular gallon

of regular unleaded gasoline is $4.50.

No, no, no, no.

That's wrong.

Hang on a second.

Where's his email?

I think it was $5.50.

It was on the verge of being $6 if it was premium unleaded.

Let's see.

Let me pull up his text message here.

Yes, here we go.

Screenshot text message.

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