Economist Karen Young on Gas Prices Amid Middle East Military Operations: It Probably Will Keep Going Up

RUSH EXCERPT:
YOUNG: "Well they’re, probably going to keep going up as well. Right said. The surge is happening, probably because we’re getting into this year and nine weeks of the crisis we’ve drawn down now of all the supplies that we’re headed to market have arrived now, we’re dipping into inventories, and so there’s a realization that there are. There are shortages for secretly of refined products and what was first impacted, particularly in Southeast Asia, is now equally affecting the United States, so as a proportion of price increase, gasoline has risen about 30 seven percent in Southeast Asia about forty two percent in the United States. So we’re feeling this as. An impact a crunch. Equally or more than the most affected countries that first felt it in the east"