Gas prices at a Mobil gas station in West Hollywood, Calif., on March 8, 2022. AP Photo/Jae C. Hong The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and […]
Oil price shocks have a long history, but today’s situation may be the most complex ever
