Summer. We have United Refining Company chairman John Catsimatidis here, only here how we need to boost our energy independence. Plus the ceo of yet another American Company set to join the beeline to shanghai. Corporate ties to china are getting stronger as government ties get more tense a big week for 2024 players. The gop field expanding. Weve got breaking news on that with mike pence just filing the paperwork for his run for the white house. Plus rfk, jr. Get as big Silicon Valley endorsement. Senator tim scott just took on the ladies of the view. We have got some of that exchange. Thats coming up. Welcome to the show. Im cheryl casone. Im in for neil cavuto. Lets get right to the big market story of the day, those oil prices. As you can see right now you have got oil an interesting day for it. Higher by 2 in the premarket pulling back now. As you can see still up more than 1 especially for the wti contract. Brent moving higher as well. United Refining Company chairman and ceo John
. your first concern would be the cost of diesel fuel. virtually everything you buy comes on diesel fuel. diesel prices get too high, transportation stops. nearly everything becomes unaffordable. inflation is directly connected to transportation. your second concern if you were transportation secretary would be domestic air travel. this is a huge country, it s fa too big of a country not to hav reliable commercial flights fro one place to another. we ll end on time, they don t crash. so maintaining that system of air travel is probably the top concern of the united states transportation department. that s what you re worried abou if you have a secretary, diesel and airlines. remarkably, in less than year i a half under joe biden, both these things have gone dramatically in the wrong direction. the price of diesel has hit its highest price ever recorded in history. the national average is up 70 percent since just last year it 5:53 a gallon. that s terrible for truckers, but al
so your first concern would be the price of diesel fuelir diesel fuel is what makes transportation possible in this country. virtually everything you buy in america arrived by diesel engine. our entire trucking fleet runsng on diesel. so doesuy every single freight locomotive in the united states. so diesel prices get too high. transportation secretary, transport stops the price ofth nearly everything becomes unaffordablein. af so inflation is directly connected to transportation and transportation requires diesel. it turns out the dieseltoat fuel prices are the key to a lot of the american economy. and you would know that your second concern if you were we transportation secretary would be domestic air travel. this is a huge country. it s far too big a country not to have reliable commercial flights from one place to another. businesses depend on the airlines and so the families for generations they ve been able to depend on the airlines. america has had the most efficient a
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Former president Donald Trump's ask for $1 billion in campaign donations from Big Oil seems a small price to pay to preserve the tax loopholes that his presidential opponent, Joe Biden, has indicated he intends to close.