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Make Me Smart

How to end the roller coaster ride of high gas prices

Make Me Smart

Marketplace

News, Business

4.65.4K Ratings

🗓️ 19 July 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

From gasoline prices to decoupage, we’ve got a little bit of everything.

First, let’s start with gas prices. Yes, they’ve been coming down a bit lately, but gas prices are on a roller coaster, and the ride isn’t likely to end anytime soon.

“By participating in this global market for oil and gas, we have hitched our economy to a roller coaster ride that we don’t have any control over. We’re all part of one big market, and a policy change in Beijing or a war in Europe, those have the same effects on our prices as if something had happened here in the U.S.,” said Clark Williams-Derry, an analyst at the Institute for Energy Economics and Financial Analysis.

But what if there’s a way off this ride? Is there another way to put our energy economy together that doesn’t take consumers for a spin and shields us from the whims of the global market?

On the show today, the economic and geopolitical forces behind gas prices and why pivoting to renewables might be the only way out.

In the News Fix, we’ll discuss the actions the Biden administration is considering to fight climate change. We’ll also check in on an unusual economic indicator: What’s Apple up to?

Later, if you’re an ’80s music fan, you’ll love this hack a listener shared that he uses at the grocery store checkout line. And, what would you do with old, worthless baseball cards? Help out a fellow “Make Me Smart” listener, will ya? Plus, decoupage, anyone?

Here’s everything we talked about today:

If you’ve got a hack you’d like to share, email us at [email protected] or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0

As promised, there's the music.

0:03.0

There's the music.

0:05.0

Hello, I'm Kimberly Adams and welcome to Make Me Smart, where none of us is as smart

0:11.4

as all of us.

0:12.4

I'm Carlos Dollett's Tuesday, the single topic of Doos Jord Today, as promised, I guess

0:18.1

Friday was the last time we talked about this, maybe tomorrow, yesterday.

0:21.0

I don't even know.

0:22.0

Anyway, gas prices.

0:23.0

Yes, they're coming down a little bit and yes, everybody's hoping they'll fall more.

0:28.2

Look, how come they got so high, how come they're taken so long, what's going on?

0:32.8

Help, please.

0:33.8

That's what we're going to do today.

0:35.9

Yes, indeed.

0:36.9

We will get help because we all need it for a variety of reasons, not just to understand

0:42.6

gas prices, but in terms of gas prices, at least there are a bunch of economic geopolitical

0:48.8

factors that go into how much we pay to fill up our tanks.

0:54.2

At least if you have a gas vehicle and you're not on board with electric yet, and a lot

0:59.0

of them we don't really think about until something goes wrong and you're driving down the

1:03.1

road and looking up at the 10-foot letters that say 525 or something like that.

1:09.6

Anywho, in order to help make us smart about this is Clark Williams-Derry.

1:15.1

He's an energy and finance analyst at the Institute for Energy, Economics and Financial

1:19.9

Analyst, Financial Analysis.

...

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