David Uberti

speaker

81 appearances 1 recordings 1 series first heard Aug 2026 last heard 2 Aug

David Uberti’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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WSJ's Take On the Week · Why Oil Prices Could Hit a Breaking Point by Year End · 2 Aug 2026 podcast

And what it's sort of left us with is abnormally high gasoline and diesel prices even as crude has been pretty low.

And the way that affects inflation is in two ways.

If gasoline, which as of this recording is about $4.10 a gallon nationally, that plays a huge role in fueling people's inflation expectations.

And at the same time, diesel, it sort of factors into almost everything in the economy that needs to be moved.

So if you think of food, if you think of TVs, if you think of computers, if you think of chips, anything that's shipped around the world, that's sort of hard to measure to the extent that

Those prices are filtering into what prices consumers or producers actually pay.

And that's why it's such a difficult thing for central bankers to try to evaluate.

But I guess my question for you, Rukaiya, is that if the expectation is that crude will fall lower, maybe a little bit closer to where it was at its pre-war levels.

But I just wonder, we've been in this sort of like limbo for the last month or two where there's been some peace talks.

Then there's been renewed bombing campaigns.

There's been peace talks and bombing campaigns.

Oil was at 100.

Now it's back in the 80s.

Say that continues for a month or two months or three months where we're kind of in this weird middle area where not a lot is happening but still there's this supply disruption.

When does the rubber meet the road for the futures market and doesn't that sort of foretell higher oil prices by year end?

I mean, in the U.S., we're definitely trying to ramp up.

If you look north to Canada, that country is trying to export more oil from the western part of the country as well.

Guyana, Brazil, Petrobras was in the office several months ago talking about trying to boost their production.

All of the countries that have these resources know that there is something of a ticking clock when it comes to some of these longer-term trends that Rukai is talking about.

So they want to cash in while they can.

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