The Glenn Beck Program Best of the Program | Guest: Carol Roth | 3/10/26
Mar 10, 2026
Carol Roth, former investment banker and business strategist, breaks down volatile oil markets and why prices swing after geopolitical shocks. She explains rapid pump price jumps, refinery mismatches, and worst-case scenarios if key shipping lanes close. Short, clear takes on market mechanics and near-term oil outlook.
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Why Oil Prices Spiked Then Fell Back
- Oil price swings are amplified by hedge fund deleveraging and algorithmic trading that overreact to uncertain headlines.
- Carol Roth explains markets degross during fear, then rational buyers return, which caused the sharp midday reversal after initial chaos.
Expect Gas Prices To Reflect Market Hedging
- Expect pump prices to react to market expectations and hedging, not just physical inventory timing.
- Carol Roth suggests the immediate rise likely reflects hedging and wholesale price expectations even if current gasoline is already paid for.
Energy Independence Doesn't Shield Gas Prices
- US 'energy independence' doesn't fully insulate domestic pump prices because oil is a globally traded commodity with different crude grades.
- Roth notes refinery configurations, light versus heavy crude, and arbitrage force US prices to follow global moves.