Want to create an interactive transcript for this episode?
Podcast: This Matters
Episode: Why gas prices are high and won’t be going down anytime soon
Description: Guest: Jim Williams, president and energy economist at WTRG Economics As the world watches the horrors of the Russian invasion of Ukraine, the ripple effects are being felt around the globe. With ever harsher sanctions effectively banning Russian imports, including oil, gas prices keep jumping higher as this conflict continues on. But that isn’t the only reason why prices have jumped at the pumps. Other factors are a low supply and an increase in demand as the world opens up with pandemic restrictions lifting. Experts say these surging prices could be here for a long time, an...