Ever felt your wallet screaming at the gas pump lately? 💸 You're not alone, and it turns out Americans might be feeling the pinch more than most!
According to Karen Young, a senior research scholar at the Centre on Global Energy Policy at Columbia University SIPA, the current oil supply crunch is hitting the US hard. We're talking about a massive surge in fuel prices—roughly 42% in the US!
To put that into perspective, Southeast Asia saw an initial spike of around 37%. While many expected the eastern nations to bear the brunt of the crisis, the latest data suggests that the US is now feeling the heat just as much, if not more, than those who were first hit. 📈
Whether you're commuting to campus or planning a weekend getaway, this oil shock is becoming a major vibe-killer for budgets across the country. It's a stark reminder of how connected our global energy markets really are. 🌍💬✨
Reference(s):
US scholar: Oil shock now hurting Americans more than others
cgtn.com
