All right, quick, Doritos and oil prices.

What's the connection?

From American public media.

This is Marketplace.

In Los Angeles, I'm Kyle at Rizdahl, Thursday, today, 9 July.

It is always to have you long, everybody.

You know, this might, I'm prepared to admit, sound harsh, judgey even, but not fundamentally unfair.

The markets, as has been pointed out to time or two, are an idiot.

Or at the very least, willfully unaware.

You look at the global news cycle the past 24 or 36 hours,

and you would quite reasonably say,

stocks are going to tank and oil is going to spike.

Oh, that markets were indeed rational.

Traders looked around today and said, nah, everything's good.

But you know what?

Consumers, too, get a vote on what happens in this economy.

And as marketplaces Elizabeth Troval reports now to get us going,

inflation was, is, and shall remain for a while.

Top O'Mind.

Gasoline today may cost less than when it peaked earlier this year.

But Mark Finley with Rice University says you need to look back further.

There's still significant year-on-year inflation and pressure on prices at the pump.

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