Does the Drop in Oil Prices Indicate More Economic Troubles? | EWTN News Nightly

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Oil prices are dropping this week with triple reporting the national average for a gallon of gas is $4.75. Although this may sound like good news on its face, some economists are concerned the sharp drop in crude oil prices indicates more economic troubles. Research Fellow at the Heritage Foundation, Joel Griffith, joins to talk more about the drop in gas prices and why we are seeing it right now. Reuters is reporting that more than 5 million barrels of oil, which were released from the US emergency reserves, were shipped overseas. Griffith shares whether there are any benefits to exporting our oil when the nation is battling high gas prices. He discusses whether there are any solutions to lower the high prices that do not involve depleting our strategic oil reserves. Griffith fills us in on any other thoughts about the matter. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf