World News@lemmy.worldEnglish · 1 year ago

Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

cross-posted to:
worldnews@lemmit.online

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Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

alphacyberranger@sh.itjust.works to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
worldnews@lemmit.online

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

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JasSmith@kbin.social
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1 year ago
It’s actually pretty well correlated once you remove state taxes, which have increased significantly in some states like California. Mississippi gas, for example, is cheaper now than 2010, with respect to crude prices and discounted for inflation.

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