FOXNEWS Your World With Neil Cavuto October 11, 2021 20:02:00
More expensive. this morning oil prices jumped to the highest in seven years. costing $82 a barrel for the first time since 2014. prices are spiking on supply shortages. it's not just oil and gas. cotton and corn are the most expensive in a decade. aluminum is the most pricy in 13 years. steel and soy beans have never cost as much. the rally in commodities has people nervous and lower growth, which is being made worse by supply bottle necks and the congestion at u.s. ports. the port of savannah has 80,000 containers piled up. 50% above the average. a problem that is affecting many other ports ...