Hi, I'm Faith Pino from LA Times Studios in New York City.

Coming up on headlines, how is the rising price of gas in California and across the country

pushing rideshare drivers off the roads?

And what does that mean for drivers and consumers?

By now, many of us who never said the words, Strait of Hormuz, are talking about it and can vaguely identify it on the map. The Strait of Hormuz are talking about it and can vaguely identify it

on the map. The Strait of Hormuz is maybe the world's most important shipping route, where

about 20% of the world's oil supply passes. The strait has effectively been shut down in the

week since the start of the Iran War, sending global oil prices soaring.

Right now, Americans are paying on average $4 a gallon at the pump.

Mark Zandi, the chief economist at Moody's Analytics, says we haven't seen anything like this before.

Yeah, this is a big hit to the global economy.

I mean, 10 million barrels of oil are offline.

That's 10% of production. I think that's a record. I don't think we've ever seen anything like it.

It means higher prices for oil, natural gas, fertilizer, aluminum, helium, all the things that require a lot of energy.

And that's a big hit to the global economy. It's a big hit to us here in the U.S.

For now, Zandi doesn't see oil and gas prices returning to what they were before the war,

at least not any time this year. And in California, where the average price of regular gas is

$6 per gallon ride share drivers with companies like Lyft and Uber say it's becoming more and more difficult to make a living.

So I speak to literally hundreds of drivers a week and look they're in the business obviously to put food on the table to pay rent and to pay their bills.

But it has become really, really difficult last five years to be

profitable doing ride share.

That's Sergio Avedian, a driver who's notched over 10,000 trips and is a senior contributor

...