00:00And we also heard from Donald Trump, and he's been speaking and he's been posting on his Truth Social that
00:07when oil prices go up, we make a lot of money.
00:11But the reality is, how do rising oil prices impact U.S. consumers?
00:17Because we have to think, yes, it gives higher profits for oil producers, but not for the likes of you
00:23and me.
00:25It's a very good point.
00:26It's not like ExxonMobil or Chevron are taking their windfalls and sharing them amongst the American populace, right?
00:35This is simply going into higher profits and better margins.
00:40And it's remarkable because, Leanne, I don't think I can overplay the emotion that oil prices have in the American
00:49psyche.
00:50It's a metric that people use to assess the state of the economy.
00:54It's a metric they use to assess their general well-being.
00:57And we've heard Donald Trump talk about oil prices all the time.
01:00We just heard it.
01:01Those oil prices are coming down.
01:02Don't you worry about it.
01:03Gas prices are coming down.
01:05Well, they're not.
01:07Nationally, oil, motoring fuel costs, gas costs are up between 15% and 20%, varies from state to state.
01:14And that is going to go higher.
01:16And the irony here, Leanne, is that Americans pay less for motoring fuel than most other places in the entire
01:24world.
01:25Americans pay about a dollar a liter, which is pretty much what the Democratic Republic of Congo pays for a
01:32liter of motoring fuel.
01:34Democratic Republic of Congo average wages $40 a month.
01:38So, later in full in the U.S. is so cheap compared to other countries.
01:44It's about $185 here in the U.K., so almost double what Americans pay.
01:48Yet, it is such an emotive topic.
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