Oil Giants Price Gouge: 80% Control, 20% Supply

0:00It's April 17. Welcome in. This is Anchorage News Today, where local news meets AI. 80% of the world's oil sits out there ready for everyone, but big oil companies control that same chunk and they're not playing fair. Gas and diesel prices shot up within hours of the latest war kicking off, hitting while it's hard before any real supply hiccups even happened. Turns out, only 20% of global oil flows through the strait of hormones, so those instant spikes had nothing to do with blockades or delays. Companies jacked prices anyway, cashing in quick while folks scrambled to fill up. People are fired up, calling it straight up price gouging, and they're right to demand answers from Washington too. Everyday drivers feel the pinch most with costs climbing fast and no end in sight yet. Pressure is building on these giants to explain themselves, but so far it's business as usual for them. Meanwhile, we keep pushing for real accountability before the next crisis hits. They sharp out there.