bornstein says people weren't making as much money back. then bornstein says there are a number of factors contributing to our record cost at the pump as supply lags behind demand saying that currently the us is a million barrels a day behind what we produce pre-pandemic now the decline in us production is being driven largely by apply chain problems and labor. they're having a hard time getting oil workers to come. back to the fields while a huge drop in prices is unlikely. bornstein believes there will be an eventual decline. yeah month six months or a year from now. it looks like we're gonna see a downward trend. i think we'll we'll actually start to see a drift down. pretty soon but it's not going to be a big. left we're probably going to see dimes not quarters or half dollars coming off the price and while some will continue to try to find the cheapest stations out there. others say they don't have that option. this place is the most convenient for me and you know when you have a bunch of kids and you're running around you don't have a

bornstein says people weren't making as much money back. then bornstein says there are a number of factors contributing to our record cost at the pump as supply lags behind demand saying that currently the us is a million barrels a day behind what we produce pre-pandemic now the decline in us production is being driven largely by apply chain problems and labor. they're having a hard time getting oil workers to come. back to the fields while a huge drop in prices is unlikely. bornstein believes there will be an eventual decline. yeah month six months or a year from now. it looks like we're gonna see a downward trend. i think we'll we'll actually start to see a drift down. pretty soon but it's not going to be a big. left we're probably going to see dimes not quarters or half dollars coming off the price and while some will continue to try to find the cheapest stations out there. others say they don't have that option. this place is the most convenient for me and you know when you have a bunch of kids and you're running around you don't have a

. >> professor severin bornstein from uc berkeley's haas school of business tells me russia's invasion of ukraine is driving up oil prices, but crude oil was going up before the war due to a cutback in production during the height of the pandemic. now worldwide demand is back up in a very tight oil market to help the u.s. started releasing 1 million barrels of oil per day from its reserves in 100 million barrel a day market. >> a million barrels a day helps, but it doesn't make a huge difference. summer travel is heating up, but gas prices are not cooling down unless the one thing that could really drive crude oil prices down is a major recession with nobody wants. >> other factors that could help lower the price at the pump. stability in ukraine. and we can demand more people using electric cars and public transit in the newsroom. i'm justine waltman kron. 4 news. well, in national news, congress cleared the way for to go to ukraine. the senate voted overwhelmingly to approve 40 billion dollar aid package. >> and now heads to president biden's desk. senate democrats say this is merely

julia bornstein with more on that hey, julia >> well, jon, disney is often seen as a bellwether for theure of the streaming business as well as for the health of the consumer and consumer spending the media giant's earnings per share expected to grow 50% while revenue is projected to grow 28% driven by a rebound in the parks division the subscription business will be very much in focus after netflix predicted a contraction, raising concerns about cash-strapped consumers pulling back in a saturated veeming market analysts project adding 5 million disney plus subscribers for a total of 135 million and will add about 8.5 for a total of 205 million subs. anything short of those numbers could send the stock lower wells fargo saying the march quarter is expected to be light on disney plus ads due to limited new content and market launches they say they expect subs to ramp in the second half of the year in market launches and fiscal third quarter and new content in the fourth quarter. the other key area in focus is disney's parks division. revenue more than doubled in that division last quarte

. >> professor severin bornstein from uc berkeley's haas school of business tells me russia's invasionl prices, but crude oil was going up before the war due to a cutback in production during the height of the pandemic. now worldwide demand is back up in a very tight oil market to help the u.s. started releasing 1 million barrels of oil per day from its reserves in 100 million barrel a day market. >> a million barrels a day helps, but it doesn't make a huge difference. summer travel is heating up, but gas prices are not cooling down unless the one thing that could really drive crude oil prices down is a major recession with nobody wants. other factors that could help lower the price at the pump. >> stability in ukraine and we can demand more people using electric cars and public transit in the newsroom. i'm justine waldman. kron. 4 news. >> still ahead tonight at 8 i at the grocery store new system. it hopes to stop shoplifters in the south bay. but first, a safety recall for this suv. why owners are being advised to always park not in a garage but outdoors. >> ford is recalling certai