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Inflation Hits Fresh Four-Decade High, White House's NEC Director Reacts to CPI, and Twitter Sues Elon Musk 7/13/22

Squawk on the Street

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Oil Prices Are Declining 29 Straight Days Now

A'brian: Gas priceis declining 29 straight days now. That's the longest stretch of the pandamic, i see some numbers. To day, ten thousand gas stations below four. I wondered, how much credit do you give the s p r for that? And at what point do you think that that inventory, which is now back to the eighties, when did that, when does that is enough on that front? Well, i think that there is broad agreement that it had a significant impact at blunting a further run up in oil prices.

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