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Gas Is Back Above $4 — And Could Keep Rising

Gas prices have risen above $4 per gallon, with potential for further increases due to developments in the war with Iran, according to Matt Smith, Director of Commodity Research at Kpler. Meanwhile, Charlie O’Neill, Co-Head of Model Training at Baseten, discussed China's new AI model Kimi K3 and the growing momentum of open-source models in the AI race.

read1 min views2 publishedJul 21, 2026
Gas Is Back Above $4 — And Could Keep Rising
Image: Profgmedia (auto-discovered)

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.

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