Kristen Schwab
๐ค SpeakerAppearances Over Time
Podcast Appearances
She says demand for heating pushed fuel import prices up 3.8 percent from the month before.
She says demand for heating pushed fuel import prices up 3.8 percent from the month before.
And that trickled down into the price of other imports.
And that trickled down into the price of other imports.
You might not think that oil was used in the production of an apple.
You might not think that oil was used in the production of an apple.
But whether you're talking about a Honeycrisp from Canada or a Gala from New Zealand.
But whether you're talking about a Honeycrisp from Canada or a Gala from New Zealand.
We needed fuel to get that apple from the tree where it was grown into your supermarkets.
We needed fuel to get that apple from the tree where it was grown into your supermarkets.
This is the part of the story where we acknowledge the big elephant in the room.
This is the part of the story where we acknowledge the big elephant in the room.
This import price data is from before the war started.
This import price data is from before the war started.
And the price of crude has been hanging out above $90 lately.
And the price of crude has been hanging out above $90 lately.
Ishwar Prasad, a professor of trade policy at Cornell, warns February's increase in import prices isn't a one-off event.
Ishwar Prasad, a professor of trade policy at Cornell, warns February's increase in import prices isn't a one-off event.
Higher import prices don't necessarily translate to higher prices at checkout.
Higher import prices don't necessarily translate to higher prices at checkout.