The Mystery of Inflation
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NPR
4.6 • 16.4K Ratings
🗓️ 4 August 2022
⏱️ 50 minutes
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| 0:00.0 | It's outrageous. I mean if I was to fill my truck up which I'm not and this transfer tank, |
| 0:12.4 | that's over $600. It's a hot day in July and people are lining up at the food for less |
| 0:18.6 | gas station in Lemongrove, California, a small city just east of San Diego to fuel up. |
| 0:25.6 | Normally those two would have been $61. That's William Ransby. He's filling up three |
| 0:30.7 | five gallon gas cans for his work equipment. He's a contractor. Today he feels like |
| 0:38.5 | he's getting a deal. At 5.79 a gallon, that's just under the California average, which was |
| 0:44.4 | still a little over $6 when we met up with William. His company is footing the bill today. |
| 0:52.3 | I can't afford to put gas in his personal car. I just use enough fuel to get me to and |
| 0:57.6 | from work and I stay at home. And when he does put gas in his own car, he's dipping into |
| 1:03.6 | money he doesn't have. I use a combination of credit cards and cash. You know if I don't |
| 1:08.8 | have enough cash and I'll use my credit card but I prefer to use cash. That way I'm not |
| 1:13.4 | going into debt any further. You know that's the toughest thing to stay in out of debt. |
| 1:19.1 | You know, that's scary. It's very scary. June Pay Hella, a stock room worker, also getting |
| 1:26.1 | gas knows all about that. As prices rise, her paycheck just isn't getting her as far |
| 1:31.4 | as it used to. And she's worried. I see people in their 70s and 80s having to go back to |
| 1:38.0 | work after they've been retired for 10, 15 years. You know, I wanted to retire at 62 now |
| 1:44.2 | and then I said, well, alright, 65 now maybe 67. You know, so, you know, I don't know. |
| 1:51.7 | Maybe never. I don't know. Fans on how long this inflation really lasts, you know. |
| 2:00.2 | Inflation, the word itself can sound like an incantation, something nebulous and hard |
| 2:14.2 | to pin down. But it's also something many of us feel every single day at the gas pump |
| 2:19.9 | or the grocery store. For millions of Americans like June and William, |
| 2:25.0 | it means that their money doesn't go as far. It means that they can't pay their bills |
... |
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