High Gas Prices: Why There's No Quick Fix
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 24 March 2022
⏱️ 12 minutes
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Summary
The are a lot of complicated reasons why gas is more expensive — and a lot of ideas for how to make this easier on consumers. But none of them are quick or easy.
NPR's Scott Horsley explains why drivers who are newly interested in purchasing an electric vehicle might not have a lot of options.
NPR's Brittany Cronin reports on calls for more domestic oil production in the U.S. — and why it may take some time for that to happen.
Here's more on why gas prices are so high from NPR's Chris Arnold.
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Transcript
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| 0:00.0 | This month, gas has been more expensive everywhere. |
| 0:03.4 | And some of the highest prices. |
| 0:05.1 | It's another day and another record. |
| 0:07.4 | Just when you think, can you go any higher than this? |
| 0:10.2 | Another alarming and budget-busting record |
| 0:12.9 | with the highest gas prices in the country, Los Angeles, |
| 0:16.2 | that are $6 a gallon this week in LA County. |
| 0:19.8 | And that's just the average. |
| 0:21.7 | I mean, at this step on, we see $6.29 a gallon. |
| 0:24.8 | It's hard to believe that we've jumped $1.25 on average |
| 0:29.0 | in LA County for a gallon of regular gas. |
| 0:31.9 | And that jump is over the last month. |
| 0:33.9 | $6 is well above the national average of around $4.24, |
| 0:37.7 | but the national average is still up around $0.70 from a month ago. |
| 0:42.2 | Here's James Bush-Nellan, energy economist |
| 0:44.5 | at University of California Davis. |
| 0:46.2 | The rule of thumb is the average customer |
| 0:49.1 | uses about 400 gallons per year. |
| 0:50.8 | And so when the price goes up by $1 a gallon, |
| 0:54.6 | we're looking at another $400. |
| 0:57.0 | But the good news is cars are more fuel-efficient |
| 0:59.8 | than they used to be. |
... |
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