Iran War: Economist on whether the U.S. is facing an energy crisis | FOX 10 Talks

As gas prices soar across the country, many Americans are asking the same question: If the U.S. produces as much oil as it consumes, why are we paying record prices at the pump? In this episode of Fox 10 Talks, we sit down with Scott Colbert, Chief Economist at Commerce Bank, to break down the complex realities of the current energy crisis. From the impact of the Iran conflict to the math behind your household budget, Colbert provides a candid look at the "energy price smackdown" and what it means for the future of the U.S. economy. In this interview, we discuss: The Price Gap: Why a barrel of oil is up 50% and how that translates to the $4.50+ gallon. The Household Impact: How much the average family is actually spending on energy vs. groceries. Global Commodities: Why U.S. companies aren't "mandated" to sell oil to Americans first. Economic Resilience: Is our economy flying "higher and faster" enough to withstand a long-term surge? Political Fallout: How inflation and gas prices might reshape the upcoming elections.