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The Clark Howard Podcast

9.17.19 Gas price fluctuations after Saudi attack; Equifax breach settlement follow-up; How gig workers get paid

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 17 September 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

Saudi Arabia represents a huge percentage of world oil production. The recent drone attack took half their production offline. But it appears they will be back to full production in a matter of weeks. In addition, fall is a slow time of year for oil consumption. After Labor Day, demand declines. Factor in recession in some countries and a slowing U.S. economy bringing down demand. Meanwhile, U.S. production has increased. A decade ago, the U.S. produced little oil, and faced shortages driving up costs to $147 a barrel, compared to $60 last trade. We may see a brief minor spike in prices at the pump. Equifax conned the states and the Feds to reduce their settlement liability to $125 per affected person and is still hitting back over the number of applicants. Now that want you to verify information again. You have 4 weeks to reverify your application.   California has passed legislation making app-based workers employees vs independent contractors, starting in January. This includes Uber, Lyft, DoorDash and the like. There’s been a large movement by employers pushing the private contractor designation, to avoid paying benefits. We need a class of employment falling somewhere between a contractor and full-time employee. Uber and Lyft predict their labor cost will rise 20- 30% in California from this change. This current system of off or on is exploiting and harmful to workers. Ratio employment would help ease the income inequality problem in the U.S.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Great to have you here on the Clark Howard Show where it's all about you and that wall

0:10.7

of the yours.

0:11.7

I want you to learn ideas to me so you can save more and spend less and don't let anyone

0:16.9

ever rip you off.

0:19.8

Clark.com is our main website, ClarkDeals, is where you go to save money throughout the

0:25.6

day and night.

0:27.8

Every day of the week, our Clark Deals staff, our Deals diggers are looking for bargains

0:33.7

for you.

0:36.3

Deal or no deal.

0:38.5

Equifax with the ability to claim for compensation if your identity was compromised in the Equifax

0:46.4

data breach.

0:47.4

Well, even if you are reapplied, now your application may be void to receive compensation.

0:54.8

And as today's Clark Rage, and I'll tell you in just a little while what you need to

0:58.5

know, and I want to talk about California's move to treat people that work for Uber and

1:04.7

Lyft and all the delivery services that deliver food and things like that to make them employees

1:11.5

instead of independent contractors.

1:14.1

I'll tell you where I feel that is a good thing, where I think that's a bad thing.

1:22.6

And I want to tell you right now with the news that has continued to morph over the

1:29.5

last several days about gasoline prices because of the drone attack on Saudi oil facilities

1:40.0

that the initial reports about what it was going to do to your and my wallet have proven

1:46.3

false.

1:48.4

And the effects financially are going to be significantly less than it first expected.

...

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