Amrith Ramkumar

speaker

860 appearances 16 recordings 1 series first heard May 2018 last heard Sep 2021

Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Gas Prices: What's Behind Regional Price Differences? · 24 Oct 2019 podcast

So matched

Yeah. matched

And it's not just California nearby. matched

And again, Oregon, Washington, Nevada, et cetera, they can also have higher prices. matched

But then again, in Texas and Oklahoma and other parts of the country where there's plenty of oil nearby, the gas prices are so low. matched

And that's, again, the striking thing for a lot of consumers when looking at this. matched

And again, when we look at this issue and the impact on broadly consumer spending in the U.S., it's a lot more complicated. matched

Governor Gavin Newsom asked the attorney general of the state to investigate whether big oil companies and higher price retail brands are basically using price fixing to charge more. matched

for consumers at the pump. matched

So right now, it's not clear whether that investigation will go forward. matched

But the state's Energy Commission has published a report indicating that that could also be behind it. matched

And definitely, like energy companies, pricing strategies also are a key part in all of this to keep in mind. matched

And that's why, again, they've been a source of consumer backlash as well. matched

So there's been criticism of the emissions policies as well as the energy companies, basically the whole gamut. matched

And it's really interesting, again, this is all happening at a time when the U.S. matched

is producing more oil than it ever has. matched

The world is basically overflowing in oil in many cases. matched

Oil prices are generally low, but in some parts of the country, you wouldn't really know it. matched

Yes. matched

And I think that's one of the most interesting things because the U.S. matched

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