Wealthion · Thursday, September 24, 2026
According to Chris Gallup, sustained oil prices above $100 for six months would be a concern, particularly for consumers at the gas pump and for core inflation due to increased transportation costs. He notes that even if oil prices drop, the effect on consumer prices takes time to filter through the system.
“Well, oil would have to trade appreciably above 100 and hold it there for say six months. But as consumers, we feel it already at the gas pump, right?”
“Um, and even if oil traded to 70 by the time we're done with this recording, it'll take time to feed through the system and lower prices at the pump, right?”
“And yes, you're correct, that higher oil costs do bleed through to core inflation. The best example of that is are the truckers and the rails that ship ship everything from the ports into, you know, around the country. Their costs go up. A good soul goes up. Prices go up.”