4.6 • 32K Ratings
🗓️ 31 March 2022
⏱️ 43 minutes
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0:00.0 | I'm sure you know what's going on with gas prices lately. |
0:05.7 | You don't need us to play you some cliched news clip. |
0:09.8 | But here's one anyway. |
0:11.1 | Let's turn to those skyrocketing gas prices that are crushing so many American families. |
0:15.6 | As of this recording, the average price of a gallon of gas in the U.S. is well over $4 |
0:20.1 | up, roughly 50% from last year. |
0:23.2 | And in some places like California, it's much more expensive than that. |
0:27.0 | We have some prices surging nearly 49 cents just in the past week or so. |
0:32.0 | Gas prices had already been rising and then came the Russian invasion of Ukraine. |
0:37.1 | We're banning all imports of Russian oil and gas. |
0:40.8 | Now, keep in mind that gas still costs less in the U.S. than it does in most other rich |
0:46.2 | countries. |
0:47.2 | And it's been that way for a long time. |
0:49.3 | That's one reason people in those countries tend to drive smaller cars and we tend to |
0:53.6 | drive SUVs and pickup trucks. |
0:56.0 | Still, the recent spike in gas prices here has been unsettling and for some people disastrous. |
1:04.0 | It has been said that necessity is the mother of invention, but disaster may be an even |
1:10.2 | bigger mother. |
1:11.4 | I think disasters can spur people to try new approaches and we see this adoption of |
1:15.4 | new technologies often picks up in recessions and other crises because people are willing |
1:19.1 | to try new things. |
1:21.8 | That is Tom Standage. |
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