Feeling the oil-flation?
Marketplace
Marketplace
4.6 β’ 8.5K Ratings
ποΈ 27 September 2023
β±οΈ 29 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Oil keeps the gears of the American economy running, from transportation to manufacturing. But the cost is creeping up β crude may well reach $100 a barrel soon. In this episode, we’ll trace how high oil prices ripple through our lives. Plus, college cost transparency, aircraft order volatility and federal firefighter pay cuts.
Transcript
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| 0:00.0 | Hey Marketplace listeners, you know around here we like to think you're never too |
| 0:02.8 | young to learn about the economy and financial basics. |
| 0:05.6 | That's why we're bringing the million bazillion live tour to school to teach |
| 0:08.9 | important lessons about budgeting, investing, saving, and more. |
| 0:12.8 | It's all the fun of the podcast, but now live, immersive and interactive. |
| 0:17.3 | Special thanks to our tour partner, Greenlight, the debit card and money app for |
| 0:21.2 | kids and teens. Learn more about Greenlight at greenlight.com slash |
| 0:25.5 | million. That is greenlight.com slash million. |
| 0:30.5 | On the program today, goods, durable and otherwise, oil, |
| 0:36.7 | its price and our discontent, and we will end with chocolate. |
| 0:43.0 | From American public media, this is Marketplace. |
| 0:54.8 | In Los Angeles, I'm Kyle Rizdole. It is Wednesday, today, the 27th of September. |
| 0:59.6 | It is always to have you along. Everybody, we began today |
| 1:04.0 | with a surprise from the Commerce Department this morning. |
| 1:06.9 | Came the August report on orders for durable goods. Big, expensive things that |
| 1:11.5 | are built to last vehicles, machinery, appliances, computers, that kind of |
| 1:15.1 | stuff. Anyway, we had been expecting a drop |
| 1:18.5 | last month, just like we saw in July. |
| 1:22.4 | Silly us, orders were up just a bit, but up nonetheless, two tenths of one |
| 1:27.0 | percent. You take transportation orders out, |
| 1:30.2 | overall, durable goods were up four tenths percent. Now, why take |
| 1:36.1 | transportation out? It's a totally fair question. You take transportation out |
... |
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