Gas Is Back Above $4 — And Could Keep Rising

Gas Is Back Above $4 — And Could Keep Rising

July 21, 2026 · 33 min

About this episode

The episode discusses the impact of the Iran conflict on oil prices and explores developments in AI technology.

Ed Elson is joined by Matt Smith to break down how the latest developments in the war with Iran are affecting oil prices and where he thinks gas prices could be headed next. Then, Charlie O'Neill joins the show to discuss China's new AI model, Kimi K3, why open-source models are gaining momentum, and what that shift could mean for the broader AI race. Matt Smith is the Director of Commodity Research at Kpler. Charlie O’Neill is the Co-Head of Model Training at Baseten.  Subscribe to the Prof G Markets Youtube Channel  Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

People in this episode

Host: Ed Elson

Guests: Matt Smith, Charlie O'Neill

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Mentioned in this episode

Organizations: Kpler, Baseten

Products: Kimi K3

Places: Iran

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