spiral, if you will, that s occurring. it s the pent-up demand from the world being locked down for a year neil: right. that is causing a rush in demand all at once. and the oil industry is having a difficult time responding to that significant increase in demand. neil: yeah. it s as simple as that. thank you very much. andy got away better than me and my wife did. did i ever tell you that ours was 13.5%? oh, i did? apparently hundreds of times. well, perspective is everything. all right, perspective right now coming from the biden administration that essentially reinstated this vaccine and testing mandate. the administration has responded to it as very good news from the judges. we re on that and what it could mean for you after this. wait. i want a bucket of chicken. i want.
nile neil all right neil: all right, how is this for a piece of news you might to not like, predictions that gas prices could really get soaring. if goldman sachs and we get to $100 a barrel oil, gas prices could be averaging around $4 a gallon. now, there are some pricier states, new york, for example, california with higher state taxes and the like that could send that easily over $5, some parts of california over $8 a gallon. be that as it may, it would be a shocker to most folks when they fill up. don t say that andy lipow didn t warn you, kind enough to join usen on this saturday. very good to have you. first of all, to the goldman forecast here that says $100 a barrel oil. do you buy that? goldman has been bullish for quite some time because they tee the lack of investment in the
oil patch at a time when demand is recovering, and it s actually getting worse as we go forward. i m not convinced that we re really going to $100 a barrel because as prices rise, we do see consumer reaction, and they begin to cut back. but there have been a number of other factors that we ve seen especially soaring natural gas prices in asia and europe resulting in the switching to oil, that has also increased demand. neil: andy, you could help us out with this, this notion the administration has raised that maybe these prices are being rigged as the ftc, federal trade commission, i think, looking into that. what do you think? well, i think that the retail prices have been a bit slow to react to the falling gasoline prices that we ve seen over the last couple of months. gasoline prices are only off ten cents a gallon from their high. i think they have room to move down another 10-15 cents a gallon by the end of the year, and i think the consumer s