Gas price spike has slowed recently. the gas prices are inching higher. the audit, they are still well below the record high set last year. it is up 32 cents since the fourth of july. it is threatening to undercut some of the progress that central bankers have made on inflation. oil prices rebounded and recession fears have eased. if saudi arabia and russia ini intentionally holding production right now. and that makes the prices go up. some companies are sidelines because of the triple digit temperatures and that stops the
Don t eat them that she would like to treat them well. the problem is unintended consequences as often is the case. the inflation rate has been steadily improving. could this spike in gas prices change all of that? gary, great to see you. what exactly is going on? we are talking about this gas price spike, pork prices, tripling since june. is inflation improving? it can get worse very quickly because oil is big time when it comes to what we spend on. i can tell you that just in the last month, we are talking about $100 billion more from the consumer out of their pocket if prices stay right here, after this move up to the next year. something that really has to be addressed. we are already in a situation where looking at savings rates,
Global warming. not even big oil can escape the consequences of the climate crisis. of course, it s consumers that are paying the price here. even though gas prices are still below the record highs of last year, they re clearly creeping higher, and that is threatening to undo some of the progress on the inflation front. but i ll leave you some cautiously optimistic news here. experts are hopeful that the worst of this gas price spike is over. veteran oil analyst tom clos, he told me that gas prices are at or near the peak. the one catch, if there s a major hurricane, perhaps one strengthened by record high ocean temperatures, there s a major hurricane that threatens the gulf coast and its hub of refineries. and that that could cause even higher gas prices. it would also be yet another costly consequence of the climate crisis. victor and amara? matt, thank you. go inside the evolution of black
Shell’s enormous bet on the Prelude FLNG off Australia has seen $12bn written off, and then written back, and has moved the accounting dial from disaster to triumph. [Gas in Transition, Volume 3, Issue 2]
Potential gas price spike right before you cast your vote. joining me is democratic senator chris murphy, member of the senate foreign relations committee. senator, lots to talk about. president biden made stunning comments at this new york fund-raiser about the potential for armageddon. take a listen to three of the highest ranking u.s. officials earlier asked about their views of russia using a nuclear weapon. i don t see anything right now that would lead me to believe that he has made such a decision. we do not presently see i understand kagszs about the imminent use of nuclear weapons. we are looking carefully to see if russia is doing anything that suggests they re contemplating the use of nuclear weapons. to date we have not seen them take these actions. so what s president biden talking about? do you see armageddon as a real possibility? i think the president is right to raise the risk of nuclear conflict because vladimir putin is increasingly getting pushed into a co