Rising Oil Prices: A Sign of Recovery or Economic Trouble?
After Congress passed the tax cut package last week, the price of oil went up ? a sign that traders may be counting on higher demand for gasoline, home heating oil and other commodities as the economy recovers. But is spending more money on gas really the way to boost a fragile economy?
Javier Blas, commodities correspondent for Financial Times, joins us to explain the factors contributing to the recent rise in oil prices, and truck driver Harley Helms chimes in to tell us what he’s hearing over the CB from drivers concerned about fuel costs.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.