Gas prices could hit $5 by Memorial Day as US oil exports reach record highs

Name: Gas prices could hit $5 by Memorial Day as US oil exports reach record highs
Uploaded: 2026-05-01T17:06:12Z
Duration: 2 min 15 s
Description: FOX Business correspondent Lauren Simonetti reports on rising crude oil prices as analysts forecast $5-a-gallon gas prices by Memorial Day amid Middle East tensions near the Strait of Hormuz on ‘Varney & Co.’

FBN · May 1, 2026 · 2m 15s

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FOX Business correspondent Lauren Simonetti reports on rising crude oil prices as analysts forecast $5-a-gallon gas prices by Memorial Day amid Middle East tensions near the Strait of Hormuz on ‘Varney & Co.’