Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Gasoline Is Above 4 Dollars While Core Inflation Is Cooling
The national average for regular gasoline just crossed $4.00 a gallon, up from $3.85 a week ago. Yet core inflation — which strips out food and energy — is actually edging down. In this episode, Lucas and Luna unpack the disconnect: why oil prices are surging (WTI crude hit $84.40, Brent $87.00 while futures jumped over 7% this week) while other prices moderate. They trace the culprit to OPEC+ production cuts and refinery constraints, then examine what $4 gas means for consumer spending, summer travel, and the Fed's next move. With the 10-year breakeven inflation rate slipping to 2.26%…
The skinny
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