07.28.22 GAS PRICES: An Update and Ways to Save / Recession-proof Job Sectors

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 28 July 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s unclear what will happen with gas prices moving forward, but prices have eased and the U.S. is leading the world in the production of energy. Clark explains the current energy market, why we see big price differences at the pumps, and saving strategies. Also - The odds are at least 50/50 we’ll have some degree of recession, as central banks worldwide work to slow economies to ease global inflation. Because capitalists hate uncertainty, some large companies have announced reduced hiring - but that’s a far cry from layoffs. Clark conveys 4 job sectors resilient against recession. Gas Prices: Segment 1 Ask Clark: Segment 2 Recession-proof Job Sectors: Segment 3 Ask Clark: Segment 4 Mentioned on the show: These Credit Cards Offer Car Rental Insurance Benefits RentalCars.com The 4 most 'recession-proof' industries to work in, according to economists How To Open a Roth IRA How to Start Investing and Saving for Retirement Fidelity Investments Review 2022: Pros & Cons Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve
0:09.5	you and empower you so you make better financial decisions in your life.
0:15.0	In today's episode, gas prices, yuck.
0:19.9	The good news is we've been seeing them fall some lately and you have far more opportunities
0:26.7	to shop around and save.
0:29.2	And after I take your questions, I want to talk about the job market.
0:32.8	I need to talk about how recession-proof your job is or job you're looking for.
0:40.6	So it's unclear what's going to happen with gas prices moving forward.
0:49.3	But we've had a really nice run with significantly lower price for a barrel of oil coming out
0:56.5	of the ground and U.S. production has been phenomenal.
1:03.1	The U.S. is leading the world in the production of energy, both natural gas and oil coming
1:10.6	out of the ground.
1:11.6	We can convert into gasoline and diesel.
1:15.0	And just think about where we would be if we didn't have this production capacity.
1:23.4	And I can tell you, because I was a young adult when we went through the Arab oil and
1:30.9	bar go at a time that the United States produced tiny amounts of energy and they truly had
1:40.0	us over a barrel.
1:42.0	Today, what's happened with energy has been so rough for individuals, but has been for
1:51.4	the country a mixed bag because the energy industry has done its job and also for its
2:00.5	stockholders generated massive profits.
2:04.2	So for the U.S. economy where in the past, when we were just an importer of energy, it
2:11.1	was awful, awful, horrible.
	...

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