Gas Prices, Fed Credibility and the AI Cost Problem

Oil executives are warning that gas prices could get worse this summer, even as prices at the pump have eased in recent weeks and investors continue to question why crude markets are not reflecting the pressure building in U.S. inventories.Chuck Zodda and Mike Armstrong break down why the U.S. oil system may be approaching a critical inventory window, what continued export demand could mean for gas prices later this summer, and why China’s reduced oil imports may be one of the biggest unknowns in the market. They also discuss the Federal Reserve’s credibility problem as inflation moves back above 4%, whether the Fed can still defend its 2% target, why AI data center costs are creating new concerns for Oracle and other tech companies, and what OpenAI price cuts could signal about competition with Anthropic.