S8 Ep577: 5. Jim McTague: Describes the economic impact of rising gas prices in Lancaster County, Pennsylvania,. While the job market remains robust, high energy costs and inflation are making local consumers more selective in their spending,,. (35 words) (5)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 13 March 2026
⏱️ 9 minutes
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Summary
5. Jim McTague: Describes the economic impact of rising gas prices in Lancaster County, Pennsylvania,. While the job market remains robust, high energy costs and inflation are making local consumers more selective in their spending,,. (35 words) (5)
1950 ALLENTOWN PA
Transcript
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| 0:00.0 | I'm John Batchelor. I'm joined by Jim McTagg, my colleague, former Washington of Barron's Magazine, now a novelist, in Lancaster County. |
| 0:24.4 | Lancaster County, the best county in the Keystone State, historic, and also on the front lines of |
| 0:30.2 | gasoline prices. |
| 0:32.5 | These last days of the Straits of Hormuz being bombarded by underwater drones and other missiles from the Iranian regime have led to a panic for energy prices in Europe. |
| 0:47.3 | But how is it in America, given that we are an energy superpower? |
| 0:51.7 | Jim, a very good day to you. |
| 0:53.0 | I recall when we started this watching of gasoline |
| 0:57.0 | after the first week of the war, you had paid $289 a gallon at Costco, where they sell very |
| 1:03.8 | inexpensive gasoline to attract customers, your local big box store. You paid $289 on one day, and then you saw the price had gone |
| 1:13.5 | to $3.50 the next day. It's a week from then. What is the price now on the tote boards of |
| 1:18.6 | local gasoline stations? Good evening to you. Good evening, John. I'd rather go to the dentist |
| 1:25.3 | than the gas station. Pump prices at hour hour about 380, and the local geniuses are predicting that it soon will climb to over $4 a gallon. |
| 1:37.1 | And in Lancaster County, Pennsylvania, it practically have to drive everywhere. |
| 1:43.9 | So it's hitting almost every resident in the county |
| 1:49.2 | in the pocketbook. Very, very hard hit. So the prediction right now, without any change in the |
| 1:58.7 | weather in the Middle East, is $4 a gallon, which is, I don't remember. |
| 2:04.3 | Did it get that high during the pandemic? |
| 2:06.0 | I just don't remember the panic afterwards. |
| 2:08.0 | I just don't recall. |
| 2:09.5 | I remember gas being around $4 a gallon, and people were extremely unhappy, but I forget |
| 2:15.9 | exactly when that occurred. |
| 2:18.6 | It's a point of interest because a lot of flatbed F-150s are sell every year. |
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