Transcript: Amos Hochstein on "Face the Nation with Margaret Brennan," April 19, 2026
Summary
Amos Hochstein, a former senior energy adviser to President Biden, discussed rising gas prices and energy supply challenges related to disruptions in the Middle East. He warned that if the Strait of Hormuz remains closed, fuel prices could increase sharply within weeks, affecting U.S. and global markets. Hochstein also explained how jet fuel shortages abroad could lead to higher costs for American travelers.Key Facts
- Current regular gasoline prices average about $4.05 per gallon.
- The last time gas prices were this high was during the Biden administration when Russia invaded Ukraine.
- The Strait of Hormuz is a key shipping route for global oil supplies; its closure would cause fuel prices to spike.
- Tankers already at sea can delay immediate shortages, but no new shipments are currently underway.
- Some poorer and middle-income countries are already running out of fuel and jet fuel.
- Airlines in parts of Asia are canceling flights due to jet fuel shortages.
- The U.S. has fuel supplies, but international jet fuel shortages will still increase airline ticket prices here.
- Hochstein commented on Middle East negotiations and nuclear concerns related to Iran.
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