Marketplace®

Daily business news and economic stories
Jul 14, 2022

Oil prices, gas prices … and the mass transit alternative

A big part of Wednesday’s hot inflation reading was the cost of gas, where retail price lags behind the wholesale price. That normally would lead to a boost in the use of mass transit, but that’s not the case. The BBC reports on how Ukraine, Russia, the U.N. and Turkey appear closer to a deal on resuming exports of Ukrainian grain from the Black Sea. We discuss how the waves of flight disruptions and cancellations during the pandemic have taken a toll on flight attendants.

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Prices for gas and diesel fuel, over $5 a gallon, are displayed at a gas station in Monterey Park, California.
Prices for gas and diesel fuel, over $5 a gallon, are displayed at a gas station in Monterey Park, California.
Frederic J. Brown/AFP via Getty Images

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The Team

Oil prices, gas prices … and the mass transit alternative