Gas Prices Are Up Nearly A Dollar From Last Year

The video discusses the financial strain caused by inflation, which has reached a 40-year high. Despite decreased demand, costs are rising, with gas prices notably increasing. The Ukraine conflict exacerbates the situation, potentially affecting oil supply and further impacting the economy. The video highlights the challenges faced by consumers and businesses reliant on transportation, emphasizing the need for resolution to avoid significant economic ramifications.

What is the current state of inflation in the United States as mentioned in the video?

• Inflation is at a 20-year high.

• Inflation is at a 40-year high.

• Inflation is decreasing.

• Inflation is stable.

How have gas prices changed over the past year according to the video?

• They have decreased by a dollar.

• They have increased by two dollars.

• They have remained the same.

• They have increased by nearly a dollar.

What is the average gas price in California as mentioned in the video?

• $4.00

• $5.00

• $4.72

• $3.52

What is the potential impact of the Ukraine conflict on oil prices?

• Oil prices could increase further.

• Oil prices will not be affected.

• Oil prices will remain stable.

• Oil prices will decrease.

Which industries might be affected if the Ukraine conflict continues unresolved?

• Transportation industry

• Technology industry

• Healthcare industry

• Education industry