# Breaking All the Wrong Records, Meet Gas Prices

Page: https://stenobird.com/podcast/good-revenue-6621493/running-out-of-oil
Text version: https://stenobird.com/podcast/good-revenue-6621493/running-out-of-oil.md
Podcast: [Good Revenue News](https://stenobird.com/podcast/good-revenue-6621493)
Published: 2026-05-24T15:00:00+00:00
Episode link: https://shows.acast.com/good-revenue/episodes/consumer-confidence-hits-all-time-low-as-gas-hits-record-hig
Audio file: https://sphinx.acast.com/p/open/s/64c1fb4a8e16bd00116ffd75/e/6a10a68d9feea1b67e7ddb59/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/good-revenue-6621493/episodes/running-out-of-oil
Duration seconds: 422

## Resource

Gas hit $4.56 this Memorial Day weekend and consumer sentiment just dropped to an all-time low. The Strait of Hormuz conflict is draining global oil reserves at a record pace, and the latest truce talks don’t seem stable at all. So energy businesses from utilities to autos are rethinking everything as the largest utility merge in the world, NextEra-Dominion, could reshape electricity prices on the entire Eastern Seaboard and Ford gets serious about building batteries even though it threw away it’s electric vehicle business. CHAPTERS 00:00 Gas prices hit a four-year high this Memorial Day 00:56 Why this summer could be worse than 2022 01:13 Walmart's pump data signals consumer stress 01:36 Consumer sentiment drops to an all-time low 02:05 IEA report: global oil reserves are depleting fast 02:27 US crude and gas reserve charts explained 02:41 How 54 countries are responding and why the US isn't 03:52 What to expect this summer for energy prices 04:03 NextEra and Dominion merger: what it means for electricity 04:34 Ford's $20 billion EV writedown and the Ford Energy spin-off 06:15 Wrap-up IF YOU LIKED THIS, WATCH: → Ford Struggles to Sell Cars in China: https://youtu.be/uvOGcIjL1_I → China's Auto Export Tsunami Crushes Global Markets: https://youtu.be/fbOx5HsYMoo   → Auto Sector Update: https://youtu.be/Q__ke5iP51Y   SOURCES & FURTHER READING Gas Prices and Consumer Trends Memorial Day Gas Prices Hit Four Year High What Drivers Need to Know in 2026: https://gasprices.aaa.com/memorial-day-weekend-gas-prices-reach-four-year-highs/   Latest US Consumer Sentiment Data Signals Economic Outlook Shift: https://www.sca.isr.umich.edu/   Energy Deals and Power Industry Shifts Massive 67 Billion Energy Deal Reshapes US Power Market and Utility Landscape: http…

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