joining the global head of energy analysis at energy research firm opit, tom kloza. >> nice to be heron: a lot of people are traveling this weekend. are they seeing better prices at the pump? >> compared to the middle of june they are seeing prices around $3.80, one dollar and 20 one cents. if you want to put a bright light on it americans are spending half $1 billion less this weekend than they were in the middle of june. that is not bad. carleton: we saw the recent price drop but is it sustainable? >> i don't agree with people who say we will go back to $3, this was too many crosswinds in the world right now so i think we will have a plateau very shortly but one thing working for us is gasoline demand always drops from august september, big banks think it will go up this year but that would be contrary to history, what we have seen for the 21st century. carleton: you make a point about the summer travel season, the winter heating season, what household expect especially in light of the news coming progression to keep the nordstream shot. >> we are not seeing the prices europe sees,

that call from earlier in the year, brian thanks for the setup, our brian sullivan let's bring in tom kloza to discuss. tom, how much of the oil leak reasoning do we believe? >> well, i would agree with brian, but not use the term "war." i think it's reminded us that this is an energy crisis and it's going to be measured in years or certainly many calendar quarters the nuisance of putin being able to press these buttons, you know, is a big, big thing to watch. i never thought i'd wake up every morning and look at what the price of natural gas was in holland or the price of bean oil is in the united states, but that's the reality that we deal with now and i think people have to realize that if the stock market were trading with the swings we see in natural gas, we'd be looking at swings of 2 and 3 and $4,000 a day so these are absolutely disruptive markets they could go back above the equivalent of $500 a barrel very, very quickly most of the nord stream news came after the futures market or the title transfer facility, you know, that trading closed down >> right the german economic minister

joining me now is tom kloza, the global head for energy analysis for energy information service. stockpile falling be 450 million barrels, lowest level since 1984 as we sell about a million barrels a day to he keep oil prices lower. >> well, i think you have to say that it's a gamble. i mean, you're not going to roll out a mission accomplished banner for this right now even he though gas prices are probably lower to bill for consumers by about half a billion dollars a day. the problem is, what happens when the spr sales end in the middle of october and what happens if you don't put additional oil on the market? if we're not in a severe recession in europe or elsewhere, we might need the oil. and we've been very lucky so far in 2022. the fragile five, nigeria, libya, venezuela, iraq and iran haven't had major, major problems so you have to hope for a little bit of luck and i suppose that the timing is that we might at least see jaw-boning for additional releases in the coming days and weeks. maria: i want to get your take on what the coming days and weeks look like in terms of pri