Why U.S. Gas Prices Rise Despite “Energy Independence”

Why U.S. Gas Prices Rise Despite “Energy Independence” Average U.S. gasoline prices are back above $4 per gallon, and few people are happy about it—except perhaps the oil industry. The reality is that U.S. energy independence does not guarantee low domestic fuel prices. As the world’s largest oil producer, the United States can protect itself […]
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Even A Broken Clock is Right Twice a Day | May 7, 2022

Even A Broken Clock is Right Twice a Day While central bankers are very smart, they are far from infallible. Throughout the history of central banks, policy errors are common. The choice central banks are making now is between focusing on core inflation (excluding food and energy). This allows food and energy inflation to run […]
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