Kai Rizdahl

oil, private credit, and elk antlers.

Seriously.

From American Public Media, this is MarketPlanet.

In Los Angeles, I'm Kyle Rizdahl.

It is Thursday today, the fourth day of June.

Good as always to have you along, everybody.

Here's a little choose-your-own-adventure as we get started.

Today, according to AAA, regular gas right now, this is a national average, is $4.24 a gallon.

That is, depending on which adventure you choose, either down more than 18 cents from a week ago...

and or nearly $1.10 more than we were paying a year ago.

We all know why, I imagine, but the ramifications aren't always clear.

The United States is exporting more of the oil that is produced here to make up for some of that missing Persian Gulf supply, because it's a global market, right?

But that, in turn, has helped convince the Trump administration to draw down the Strategic Petroleum Reserve to try to keep prices down.

Thing is, the Energy Information Administration said this week, U.S.

petroleum inventories are now as low as they have been since 2004.

Marketplace's Kelly Wells gets us going with what that might mean.

Today's installment of what could possibly go wrong in this economy is brought to us by the private credit markets.

Blackstone's private credit fund is capping what private credit investors can withdraw at 5%.

They'd been asking for 10.

Other private equity firms doing the same, Partners Group and Cliffwater?