$5 Gasoline.
The Real Culprit Revealed.
I know, I know. Didn’t we just do this episode? Kinda, sorta. But not to this extent. In our Peak Oil episode we reviewed the history of oil as a commodity, currency and weapon on the world stage. This episode picks up where we left off to drill deeper (pun intended) into the story of crude and how it shows up as $5 gasoline at the pumps. We debunk several myths surrounding high gasoline prices and unequivocally point the finger at who’s to blame.
Show Notes
Clips
Episode Timestamp + Link | Clip Link
- 00:01:14 | CNBC: We're at the beginning of a commodities supercycle: Goldman Sachs' Jeff Currie
- 00:12:30 | Mean Girls: Say Crack Again
- 00:21:36 | Bloomberg Markets and Finance: Crisis in the Oil Market Hasn't Arrived Yet: Blanch
- 00:21:46 | CNBC: Brent oil prices will go higher by another $20 per barrel: Goldman Sachs' Damien Courvalin
- 00:21:51 | CNBC: Expect crude oil prices to continue to rise: RBC Capital' s Helima Croft
- 00:21:56 | Fox 5 Washington DC: JPMorgan expects $6 average gas price by August | FOX 5 DC
- 00:25:01 | Good Will Hunting: It's Not Your Fault
- 00:42:11 | Shrek: Ogres Are Like Onions
Resources
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Investopedia: Understanding the Correlation Between Oil and Currency
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Econbrowser: Gasoline price calculator
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EnergyWorld.com: How much for gas? Around the world, pain is felt at the pump
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EnergyWorld.com: Opinion: White House tries to blame US refiners for its own overheating error
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U.S Energy Information Administration: World liquid fuels production and consumption balance
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Statista: Daily demand for crude oil worldwide from 2006 to 2020, with a forecast until 2026*
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Marathon Petroleum Corporation: Marathon Petroleum Corp. Reports First-Quarter 2022 Results
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MacroMicro.me: US Dollar Index vs. Oil Price
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CNBC: China oil demand must remain weak or we will have tough summer, IEA’s Birol says
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The New York Times: Biden Pushes Congress for Three-Month Gas Tax Holiday
UNFTR Episode Resources
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