Micro Now -- Why Is Gas So Expensive?

Hey Everyone! I'm Mr. Willis, and this is Macro Now!
In this video, I will:
- Analyze how economic sanctions on Russia have impacted the world's oil supply
- Investigate why the demand for gasoline is rising
- Discuss how cost-push and demand-pull inflation is causing gas prices to rise
- Evaluate what lies ahead, including predictions on where fuel prices are headed and
how high gas prices will impact derived industries
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[@SuperKillroy1]

Maybe some folks will turn to alternatives like transit and cycling to reduce fuel usage.
I take my son to school by bike and do some other tasks. My plug-in hybrid runs on electricity and only uses gasoline on a 50 + mile trip.

[@oldschooljeremy8124]

It's my understanding that India and China are still buying Russian oil, it's not like that entire amount of supply is just gone, idle or blocked from the market. And whatever India and China buy from Russia means they need that much less from other sources...

[@Tendertroll1]

Why don’t you just say that the gas companies are making record profits

[@vernonseconomicsmadeeasier1327]

Shortage