U.S. gas prices have hit a record high and are showing no signs of going down. That’s largely because oil companies are no longer incentivized to drill more as oil prices rise, and it's keeping supply off the market that could bring down prices. Supply is not rising to meet demand. I'll explain why. 0:00 The average price for U.S. gas rose to over $5 a gallon for the first time in history 0:31 Oil demand has been picking up steam 1:25 Why oil supply is not meeting oil demand 2:48 American companies’ preferences play a major role in the overall supply of oil I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters. #GasPrices #Oil #DionRabouin