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The Clark Howard Podcast

03.22.21 Gas prices escalate - what's ahead / A purchase & donation warning from Clark’s Consumer Action Center + New banking options

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 22 March 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Clark discusses the supply & demand factors affecting the price of gas and what to expect at the pump. / A purchase and donation warning from the head of Team Clark’s Consumer Action Center - Another good reason to check your bank & credit card statements monthly. / The banking sector seems culturally incapable of becoming a customer focused industry. Meet the outsiders making a difference. Ask Clark topics include: Social Security problem: file a complaint through your Office of Constituent Services. / Remote worker non-resident tax issues - Hire a CPA or Enrolled Agent. / How to open a Roth IRA - Target Retirement Funds / Roth vs. traditional 401(k) Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Busy making budget plans for the business year ahead, we've got you covered.

0:05.4

Switch to three business and choose from the latest handsets with unlimited data in our winter sale.

0:10.6

Plus, our business price promise means if you find a cheaper deal from one of our biggest competitors, we guarantee you to beat it.

0:18.1

Search three business or visit us in store.

0:21.1

Business price promise means we'll beat it directly.

0:24.4

Quit you've been given my e-vote for 0.02 for business plans by at least £1 per month, terms apply such three business price promise.

0:36.2

It's my pleasure to welcome you here at the Clark Howard Show, our mission to serve and empower you so you make better financial decisions in your life.

0:45.2

Hope you had a great weekend.

0:47.3

I'm ready to help you save some money on your banking today.

0:51.9

Lots of info on that coming up later in this episode.

0:55.8

First, I want to talk about what's going on when you pull into the gas pump.

1:01.7

You know, it's been ugly lately.

1:04.8

And in particular, I paid attention because poorly timed.

1:10.1

I made a prediction a couple of months ago that gas prices at least in the immediate future were going down.

1:17.4

And they did the opposite and as many of us have experienced around the country, gas prices have continued to escalate.

1:25.7

And there are three factors at work right now that are pinching your wallet.

1:32.2

First, we're driving more.

1:35.2

I saw a federal driving data recently because I'm well, I guess I have nothing to do in my life that I looked at.

1:44.2

How it had bottomed out April of last year, driving states substantially depressed.

1:51.3

And then as soon as the vaccines were announced, the amount that people were traveling, the trips they were taking, all that steadily increased.

2:01.9

So demand for gasoline has risen.

2:05.3

Second, we have been a massive energy producer of in the United States from the Canadian

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