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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Oct 6, 2023

What’s up with falling gas prices?

OPEC’s plan to cut production to bring up oil prices hasn’t quite worked out. Plus, host Kai Ryssdal answers some inflation questions.

What’s up with falling gas prices?
Patrick T. Fallon/AFP via Getty Images

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Segments From This Episode

  • The Weekly Wrap

    by Kai Ryssdal

    “Marketplace” host Kai Ryssdal talks with Linette Lopez at Business Insider and Catherine Rampell at The Washington Post about what the September jobs report means for interest rate decisions and if Congress’ inability to swiftly pass fiscal policy is hurting the country’s credit rating.

  • Why are oil prices suddenly dropping?

    by Mitchell Hartman
    Along with oil prices, the average price of gas in the U.S. has fallen in the last week. Above, a gas station in Los Angeles, California.
    Patrick T. Fallon/AFP via Getty Images

    Since the end of September, Brent Crude has been sliding — down to the $84-a-barrel range, more than a 10% decline in just over a week. This is also playing out at the pump, with gas down about eight cents a gallon in the last week.

  • Climate change put a dent in Levi’s sales. It’s likely to do the same for other products.

    by Kimberly Adams
    Warming temperatures have contributed to soft sales for denim, according to Levi Strauss CEO Chip Bergh.
    Getty Images

    Because nobody’s thinking about wearing denim when it’s 110 degrees outside.

  • WTO cuts its forecast for 2023’s global trade growth in half

    by Savannah Peters
    The war in Ukraine and the real estate crisis in China have both bogged down global trade.
    Fabrice Coffrini/AFP via Getty Images

    The World Trade Organization predicted trade would grow by 1.7% in 2023. It’s been revised to 0.8% due in part to stubborn inflation.

  • When will prices go back down?

    by Kai Ryssdal and Maria Hollenhorst
    Inflation is slowing, but when will prices go back down? Above: Shoppers walk through a grocery store in Washington, DC.
    Stefani Reynolds/AFP via Getty Images

    The answer might disappoint you.

Music from the episode

The Team