Reduced refinery capacity, in large part triggered by industry consolidation, has been a major factor.
inflation
Posted inPolitics
Inflation? Abortion? Which Matters More in Swing States?
In Nevada and Arizona, unions and progressive groups are beginning to walk precincts, and finding an electorate up for grabs.
Posted inTAP
The Case for Price Controls
Today on TAP: And it’s not just that they beat cozying up to Saudi Arabia.
Posted inTAP
Latest Jobs Report Shames the Inflation Hawks
Today on TAP: Wage growth continues to decelerate. Contrary to Larry Summers et al., wages are not driving price increases.
Posted inTAP
Deflating Larry Summers
Today on TAP: Once again, he doesn’t check his facts and gets inflation wrong.
Posted inEconomic Policy
Inflation Isn’t So Different Between the U.S. and Europe
This should lead Federal Reserve officials to hesitate before blindly hacking away at the economy.
Posted inAmerica and the World
What We Have at Stake in Ukraine
A war to prevent the past from becoming our future
Posted inWorking in America
Several States Are Taking the Lead on Restoring Overtime Pay
A patchwork of different rules decide which workers earn time and a half around the country.
Posted inPodcasts
Bare Shelves and Rising Prices
What’s the deal with the shortage of baby formula and solar panels? Prospect executive editor David Dayen explains.
Posted inEconomic Policy
The Age of Rationing
From pandemic supply chain snarls to baby formula shortages, we forgot that physical production isn’t magic, and we need to engineer it for stability.