The price of gas in the U.S. went to, in some places, over $5 a gallon last year. But now we've seen since that peak, it's actually come downQuite a bit, dropped the H1 average by about $1.5. A lot of things happened in probably about six months. It was a political decision by the Biden administration really to get these prices down because it was conscious of just how significant for American voters the gasoline price is.
There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School.
Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.
Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.
Hosted on Acast. See acast.com/privacy for more information.