#GuySmiley Hassett on #FnS this morning (unwittingly) admitted that Oil Companies are PROFITEERING off high oil prices:
"Gas prices are high b/c oil companies have switched more of their production to diesel & jet fuel b/c they see how much money they can make, but once the Straight is reopened, we expect them to switch back & gas prices should come down."
Re: #Inflation, he thinks people are spending more due to "optimism [about the future economy]." 🤦♂️








