Megan Connors
speaker
590 appearances
10 recordings
1 series
first heard Jun 2026
last heard 28 Aug
Megan Connors’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 10 in all, peaking in Aug 2026 with 5.
Appearances
This is an iHeart Podcast.
Guaranteed human.
I'm Megan Connors.
Last week, you proved that gas prices do indeed rise like rockets, but fall like feathers as they respond to changes in the cost of oil.
Today, we're going to answer some follow-up questions on the topic.
Okay, so first question.
This asymmetric pattern of rising like rockets, falling like feathers, is that something we typically just see with gas prices, or does it show up more broadly in other places?
Are those menu costs?
Is that what we call them when it's hard to change prices?
Well, actually, I worked in a restaurant as a teenager, and I remember it was like a big deal any time that we needed to reprint menus and change the costs.
Is there, and you might not know the answer to this question, but I would suspect that maybe, is it possible prices are getting less sticky as we move toward a more digital world?
One of the mechanisms that you mentioned as being responsible for gas prices falling more slowly has to do with the supply chain and the fact that up and down the supply chain, people aren't just responding to kind of the latest price of oil, but the cost of any inventory they may have.
A lot of people kind of mentioned in the comments that this doesn't seem to slow things down on the way up.
Like you would expect that same mechanism to work on the way up.
And I was just wondering if you could kind of maybe say more to that or explain why that doesn't occur.
In your piece, you also mentioned that there could be a bit of what we call price gouging going on here, although that's difficult to prove.
I was wondering if you could take a step back and just speak a bit more about what price gouging is in general.
I feel like that word gets thrown around a bunch, but is there an actual technical definition involved?
So on that note, I mean, I feel like I've heard of times of the government like investigating price gouging.
What are they looking for when they do that?
Showing 441–460 of 590 · page 23 of 30
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