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Freakonomics Radio

Introducing “The Economics of Everyday Things”

Freakonomics Radio

Freakonomics Radio + Stitcher

Society & Culture, Documentary

4.632K Ratings

🗓️ 23 January 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

A new podcast hosted by Zachary Crockett. In the first episode: Gas stations. When gas prices skyrocket, do station owners get a windfall? And where do their profits really come from?

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, it's Stephen Dovner, and today is an exciting day here at Freakonomics Radio

0:09.3

Headquarters because today is a day we introduce a new show that I think you will love.

0:15.4

We all love it, and I will be shocked if you don't.

0:18.6

But let us know one way or the other.

0:20.8

Our email is radioatfreakonomics.com.

0:24.1

This new show is called The Economics of Everyday Things.

0:27.4

It's hosted by Zachary Crocket, a journalist with a knack for looking at something we've

0:31.9

all seen a million times and thinking, hmm, I wonder how that works.

0:37.5

Like I said, I think you're going to love it.

0:40.4

Please welcome Zachary Crocket and the economics of everyday things.

0:49.3

Us Americans, we just love our gasoline.

0:52.7

We use 374 million gallons of gas every day.

1:01.3

That's around 30 full tanks for every registered vehicle per year.

1:06.3

Now relative to other countries, gas is actually pretty cheap in the US.

1:12.2

Considering the sheer amount we use though, every extra penny counts.

1:17.6

When gas gets more expensive, we all look for someone to blame.

1:21.6

Americans, oil executives.

1:23.9

But the easiest target is the person who has to contend with disgruntled customers face-to-face.

1:30.4

The gas station owner.

1:36.6

When the price of oil, Skyrocketed last summer, people on the internet created all kinds

1:41.1

of memes about how much station owners were making.

1:45.1

One shows a picture of Scrooge McDuck skiing down a mountain of cash.

...

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