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Off for paternity leave in the worst crisis in the history of our country. so some of this has to do with the effect of the economy coming back online. that's really kind of no one's fault. definitely money printing and just sheering confidence from this administration in addressing the supply chain crisis, the war on fossil fuels. gasoline is up 50%, and then you have vax mandates to go on so much that to what was a trucker shortage pre-covid has now exacerbated exponentially. things are going from bad to worse. i do think you'll see some demand disruption and a little bit of money come out o...

Less oil and gas, and that means as demand has fallen, so has the price. and that's the real danger point that maybe this economy is slowing down so much, people are going to pay less for gas, but they may not have jobs. jenna: and that's the trade-off. phil, i gave steve the first question so we could salute you because you predicted this way back in february. you said gasoline prices were going to drop below $3 quicker than go past $5. so however do you think they're going -- how far do you think they're going to drop? >> dramatically. i'll go out on a limb and say the era of high gasoline p...

Cure higher prices. what about, shep, is when you get those higher oil and gas prices we see demand level off. it's called demand destruction. saudi arainia, the world's largest oil produce err observed that fact, that demand disruption. they also observed the fact that oil supplies, believe it or not are historic highs globally. they decided to cut their oil i couldn't tell pout. obviously the markets, shepard, think we can tolerate that based on the fact that oil prices did come down. still, tough to understand when we're paying record high gas prices. >> shepard: yeah, it is. sandra smith l...