");vwo_$('head').append(_vwo_sel);return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("HEAD")}}, R_940895_48_1_2_0:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var ctx=vwo_$(x),el; /*vwo_debug log("Revert","content",""); vwo_debug*/; el=vwo_$('[vwo-element-id="1742919897117"]'); el.revertContentOp().remove();})("HEAD")}}, C_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).html("Hello! David Brancaccio here. Do you want instant access to the free online course - “Economics 101” - to understand basic economic concepts?");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, R_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).vwoRevertHtml();})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, C_940895_48_1_2_2:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("content","[vwo-element-id='1742482566780']"); vwo_debug*/(el=vwo_$("[vwo-element-id='1742482566780']")).replaceWith2("You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.

Each week, you'll receive a reading guide that distills core principles, offers actionable takeaways, and explains how they affect the current world. While the full ebook enriches the experience, the guides alone provide a comprehensive understanding of fundamental economic ideas.

You’ll find this course especially useful and unique because…
"),el=vwo_$("[vwo-element-id='1742482566780']");})("[vwo-element-id='1742482566780']")}}, R_940895_48_1_2_2:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","content","[vwo-element-id='1742482566780']"); vwo_debug*/(el=vwo_$("[vwo-element-id='1742482566780']")).revertContentOp(),el=vwo_$("[vwo-element-id='1742482566780']");})("[vwo-element-id='1742482566780']")}}, C_940895_48_1_2_3:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("content",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")).replaceWith2("
You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.

Each week, you'll receive a reading guide that distills core principles, offers actionable takeaways, and explains how they affect the current world. While the full ebook enriches the experience, the guides alone provide a comprehensive understanding of fundamental economic ideas.

You’ll find this course especially useful and unique because…
Are you ready to build a foundation in economics that empowers you to think critically about the world around you?

Get instant access today and keep an eye on your inbox for a confirmation email and your first lesson.
 
"),el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")}}, R_940895_48_1_2_3:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","content",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")).revertContentOp(),el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")}}, C_940895_48_1_2_4:{ fn:function(log,nonce=''){return (function(x) {})(".author,.img-wrapper,.img-wrapper img,.author-copy")}}, R_940895_48_1_2_4:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; })(".author,.img-wrapper,.img-wrapper img,.author-copy")}}, C_940895_64_1_2_0:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("content","#tfa_134-L > b:nth-of-type(1)"); vwo_debug*/el=vwo_$("#tfa_134-L > b:nth-of-type(1)"),vwo_$("#tfa_134-L > b:nth-of-type(1)").each((function(){this.__vwoControlOuterHTML=this.__vwoControlOuterHTML||this.outerHTML,vwo_$(this).vwoAttr("class",""),!vwo_$(this).find('[vwo-op-1742933835357-1=""]').length&&vwo_$(this).append('(Optional)'),vwo_$(this).nonEmptyContents().eq(0).replaceWith2(document.createTextNode("In your own words, why would an Marketplace listener choose to become an donor? "))})),el=vwo_$("#tfa_134-L > b:nth-of-type(1)");})("#tfa_134-L > b:nth-of-type(1)")}}, C_940895_16_1_2_0:{ fn:function(log,nonce=''){return (function(x) { try{ var _vwo_sel = vwo_$("`); !vwo_$("head").find('#1738257835657').length && vwo_$('head').append(_vwo_sel);}catch(e) {console.error(e)} try{}catch(e) {console.error(e)} try{const DEAR_READER_HEADING_HTML="

Dear reader,

",DEAR_READER_BODY_HTML="\n

Political debates with family or friends can get heated. But what if there was a way to handle them better?

\n

You can learn how to have civil political conversations with our new e-book!

\n

Download our free e-book, Talking Sense: Have Hard Political Conversations, Better, and learn how to talk without the tension.

\n",DEAR_READER_CTA_TEXT="Get your free ebook »",DEAR_READER_CTA_LINK="https://cloud.connect.mpr.org/mprnews-cfw03-01-talking-sense?utm_campaign=cfw_talkingsense&utm_term=dearreader_co";!function(){const e=async function(r,t=100,n=1e4){t=Number.isInteger(t)&&t>0&&t<=100?t:parseInt(t);let a="Array";if("NaN"==t)return console.error("Invalid refresh interval:",t);Array.isArray(r)||"string"!=typeof r||(a="string",r=[r]);let o=e=>document.querySelector(e),i=e=>e.every(e=>!!o(e));return new Promise((l,s)=>{let c=(e,r=null)=>(r&&clearInterval(r),l("Array"==a||e.length>1?e.map(e=>o(e)):o(e[0]))),d=a=>{console.error(`${a.name}: ${a.message}`);return s(a,()=>e(r,t=100,n=1e4))};try{if(i(r))return c(r);let e=setInterval(()=>{if(i(r))return c(r,e)},1e3/t);setTimeout(()=>{try{if(!i(r)){clearInterval(e);let r=Error(`Failed to find matching elements within ${n}ms`);throw r.name="Timed Out",r}}catch(e){return d(e)}},n)}catch(e){return d(e)}})};e("article").then(e=>{e.insertAdjacentHTML("beforeend",`
\n
\n

Dear reader,

\n ${DEAR_READER_BODY_HTML}\n \n \n \n
\n
`)})}();}catch(e) {console.error(e)} return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("head")}}, R_940895_16_1_2_0:{ fn:function(log,nonce=''){return (function(x) { try{ var ctx=vwo_$(x),el; /*vwo_debug log("Revert","content",""); vwo_debug*/; el=vwo_$('[vwo-element-id="1738257835657"]'); el.revertContentOp().remove(); } catch(e) {console.error(e)} try{ var el,ctx=vwo_$(x); /*vwo_debug log("Revert","addElement","body"); vwo_debug*/(el=vwo_$('[vwo-element-id="1738257835659"]')).remove(); } catch(e) {console.error(e)} return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("head")}}, C_940895_16_1_3_0:{ fn:function(log,nonce=''){return (function(x) { try{ var _vwo_sel = vwo_$("`); !vwo_$("head").find('#1738257835661').length && vwo_$('head').append(_vwo_sel);}catch(e) {console.error(e)} try{}catch(e) {console.error(e)} try{const DEAR_READER_HEADING_HTML="

Dear reader,

",DEAR_READER_BODY_HTML="\n

The trustworthy and factual news you find here at MPR News relies on the generosity of readers like you.\n

\n

Your donation ensures that our journalism remains available to all, connecting communities and facilitating better conversations for everyone.\n

\n

Will you make a gift today to help keep this trusted new source accessible to all?\n

\n",DEAR_READER_CTA_TEXT="Donate now »",DEAR_READER_CTA_LINK="https://support.mpr.org/secure/news-dear-reader?utm_term=dearreader_da";!function(){const e=async function(r,t=100,n=1e4){t=Number.isInteger(t)&&t>0&&t<=100?t:parseInt(t);let a="Array";if("NaN"==t)return console.error("Invalid refresh interval:",t);Array.isArray(r)||"string"!=typeof r||(a="string",r=[r]);let o=e=>document.querySelector(e),s=e=>e.every(e=>!!o(e));return new Promise((i,l)=>{let c=(e,r=null)=>(r&&clearInterval(r),i("Array"==a||e.length>1?e.map(e=>o(e)):o(e[0]))),u=a=>{console.error(`${a.name}: ${a.message}`);return l(a,()=>e(r,t=100,n=1e4))};try{if(s(r))return c(r);let e=setInterval(()=>{if(s(r))return c(r,e)},1e3/t);setTimeout(()=>{try{if(!s(r)){clearInterval(e);let r=Error(`Failed to find matching elements within ${n}ms`);throw r.name="Timed Out",r}}catch(e){return u(e)}},n)}catch(e){return u(e)}})};e("article").then(e=>{e.insertAdjacentHTML("beforeend",`
\n
\n

Dear reader,

\n ${DEAR_READER_BODY_HTML}\n \n \n \n
\n
`)})}();}catch(e) {console.error(e)} return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("head")}}},rules:[{"triggers":["8459768"],"tags":[{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":16}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":39}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":62}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":63}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":65}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":64}]},"metricId":951905},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":48}]},"metricId":951905}]},{"triggers":["12454059"],"tags":[{"id":"metric","data":{"type":"g","campaigns":[{"g":6,"c":39}]},"metricId":0}]},{"triggers":["12454053"],"tags":[{"id":"runCampaign","priority":4,"data":"campaigns.39"}]},{"triggers":["8536415"],"tags":[{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":16}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":39}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":62}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":63}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":65}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":64}]},"metricId":959033},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":48}]},"metricId":959033}]},{"triggers":["12454062"],"tags":[{"id":"metric","data":{"type":"g","campaigns":[{"g":7,"c":39}]},"metricId":0}]},{"triggers":["8536412"],"tags":[{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":16}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":39}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":62}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":63}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":65}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":64}]},"metricId":959030},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":48}]},"metricId":959030}]},{"triggers":["12928443"],"tags":[{"id":"runCampaign","priority":0,"data":"campaigns.65"}]},{"triggers":["10589191"],"tags":[{"id":"runCampaign","priority":4,"data":"campaigns.16"},{"id":"runCampaign","priority":4,"data":"campaigns.62"},{"id":"runCampaign","priority":4,"data":"campaigns.63"},{"id":"runCampaign","priority":4,"data":"campaigns.64"},{"id":"runCampaign","priority":4,"data":"campaigns.48"}]},{"triggers":["12639747"],"tags":[{"id":"metric","data":{"type":"g","campaigns":[{"g":5,"c":16}]},"metricId":0}]},{"triggers":["8536409"],"tags":[{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":16}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":39}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":62}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":63}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":65}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":64}]},"metricId":959027},{"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":48}]},"metricId":959027}]},{"triggers":["12454056"],"tags":[{"id":"metric","data":{"type":"g","campaigns":[{"g":5,"c":39}]},"metricId":0}]},{"triggers":["8639604"],"tags":[{"id":"metric","data":{"type":"m","campaigns":[{"g":6,"c":16}]},"metricId":951908},{"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":62}]},"metricId":951908},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":63}]},"metricId":951908},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":65}]},"metricId":951908},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":64}]},"metricId":951908},{"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":48}]},"metricId":951908}]},{"triggers":["5"],"tags":[{"id":"checkEnvironment"}]},{"triggers":["8"],"tags":[{"id":"prePostMutation","priority":3},{"id":"groupCampaigns","priority":2}]},{"triggers":["9"],"tags":[{"id":"visibilityService","priority":2}]},{"triggers":["2"],"tags":[{"id":"runTestCampaign"}]},{"triggers":["75"],"tags":[{"id":"urlChange"}]}],pages:{"ec":[{"1625289":{"inc":["o",["url","urlReg","(?i).*"]]}}]},pagesEval:{"ec":[1625289]},stags:{}}})(); ;;var commonWrapper=function(argument){if(!argument){argument={valuesGetter:function(){return{}},valuesSetter:function(){},verifyData:function(){return{}}}}const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var pollInterval=100;var timeout=6e4;return function(){var accountIntegrationSettings={};var _interval=null;function waitForAnalyticsVariables(){try{accountIntegrationSettings=argument.valuesGetter();accountIntegrationSettings.visitorUuid=getVisitorUuid()}catch(error){accountIntegrationSettings=undefined}if(accountIntegrationSettings&&argument.verifyData(accountIntegrationSettings)){argument.valuesSetter(accountIntegrationSettings);return 1}return 0}var currentTime=0;_interval=setInterval((function(){currentTime=currentTime||performance.now();var result=waitForAnalyticsVariables();if(result||performance.now()-currentTime>=timeout){clearInterval(_interval)}}),pollInterval)}}; var pushBasedCommonWrapper=function(argument){var firedCamp={};if(!argument){argument={integrationName:"",getExperimentList:function(){},accountSettings:function(){},pushData:function(){}}}return function(){window.VWO=window.VWO||[];const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var sendDebugLogsOld=function(expId,variationId,errorType,user_type,data){try{var errorPayload={f:argument["integrationName"]||"",a:window._vwo_acc_id,url:window.location.href,exp:expId,v:variationId,vwo_uuid:getVisitorUuid(),user_type:user_type};if(errorType=="initIntegrationCallback"){errorPayload["log_type"]="initIntegrationCallback";errorPayload["data"]=JSON.stringify(data||"")}else if(errorType=="timeout"){errorPayload["timeout"]=true}if(window.VWO._.customError){window.VWO._.customError({msg:"integration debug",url:window.location.href,lineno:"",colno:"",source:JSON.stringify(errorPayload)})}}catch(e){window.VWO._.customError&&window.VWO._.customError({msg:"integration debug failed",url:"",lineno:"",colno:"",source:""})}};var sendDebugLogs=function(expId,variationId,errorType,user_type){var eventName="vwo_debugLogs";var eventPayload={};try{eventPayload={intName:argument["integrationName"]||"",varId:variationId,expId:expId,type:errorType,vwo_uuid:getVisitorUuid(),user_type:user_type};if(window.VWO._.event){window.VWO._.event(eventName,eventPayload,{enableLogs:1})}}catch(e){eventPayload={msg:"integration event log failed",url:window.location.href};window.VWO._.event&&window.VWO._.event(eventName,eventPayload)}};const callbackFn=function(data){if(!data)return;var expId=data[1],variationId=data[2],repeated=data[0],singleCall=0,debug=0;var experimentList=argument.getExperimentList();var integrationName=argument["integrationName"]||"vwo";if(typeof argument.accountSettings==="function"){var accountSettings=argument.accountSettings();if(accountSettings){singleCall=accountSettings["singleCall"];debug=accountSettings["debug"]}}if(debug){sendDebugLogs(expId,variationId,"intCallTriggered",repeated)}if(singleCall&&(repeated==="vS"||repeated==="vSS")||firedCamp[expId]){return}window.expList=window.expList||{};var expList=window.expList[integrationName]=window.expList[integrationName]||[];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(_vwo_exp[expId].type)>-1){if(experimentList.indexOf(+expId)!==-1){firedCamp[expId]=variationId;var visitorUuid=getVisitorUuid();var pollInterval=100;var currentTime=0;var timeout=6e4;var user_type=_vwo_exp[expId].exec?"vwo-retry":"vwo-new";var interval=setInterval((function(){if(expList.indexOf(expId)!==-1){clearInterval(interval);return}currentTime=currentTime||performance.now();var toClearInterval=argument.pushData(expId,variationId,visitorUuid);if(debug&&toClearInterval){sendDebugLogsOld(expId,variationId,"",user_type);sendDebugLogs(expId,variationId,"intDataPushed",user_type)}var isTimeout=performance.now()-currentTime>=timeout;if(isTimeout&&debug){sendDebugLogsOld(expId,variationId,"timeout",user_type);sendDebugLogs(expId,variationId,"intTimeout",user_type)}if(toClearInterval||isTimeout){clearInterval(interval)}if(toClearInterval){window.expList[integrationName].push(expId)}}),pollInterval||100)}}};window.VWO.push(["onVariationApplied",callbackFn]);window.VWO.push(["onVariationShownSent",callbackFn])}}; var surveyDataCommonWrapper=function(argument){if(!argument){argument={getCampaignList:function(){return[]},surveyStatusChange:function(){},answerSubmitted:function(){}}}return function(){window.VWO=window.VWO||[];function getValuesFromAnswers(answers){var values=[];for(var i=0;i=timeout;if(toClearInterval||isTimeout){clearInterval(interval)}}),pollInterval)}}window.VWO.push(["onSurveyShown",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyShown")}]);window.VWO.push(["onSurveyCompleted",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyCompleted")}]);window.VWO.push(["onSurveyAnswerSubmitted",function(data){commonSurveyCallback(data,argument.answerSubmitted,"surveySubmitted")}])}}; (function(){var VWOOmniTemp={};window.VWOOmni=window.VWOOmni||{};for(var key in VWOOmniTemp)Object.prototype.hasOwnProperty.call(VWOOmniTemp,key)&&(window.VWOOmni[key]=VWOOmniTemp[key]);;})();(function(){window.VWO=window.VWO||[];var pollInterval=100;var _vis_data={};var intervalObj={};var analyticsTimerObj={};var experimentListObj={};window.VWO.push(["onVariationApplied",function(data){if(!data){return}var expId=data[1],variationId=data[2];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(window._vwo_exp[expId].type)>-1){}}])})();; ;var vD=VWO.data||{};VWO.data={content:{"fns":{"list":{"args":{"1":{}},"vn":1}}},as:"r5.visualwebsiteoptimizer.com",dacdnUrl:"https://dev.visualwebsiteoptimizer.com",accountJSInfo:{"noSS":false,"pc":{"a":0,"t":0},"rp":30,"ts":1743956373}};for(var k in vD){VWO.data[k]=vD[k]};;var gcpfb=function(a,loadFunc,status,err,success){function vwoErr() {_vwo_err({message:"Google_Cdn failing for " + a + ". Trying Fallback..",code:"cloudcdnerr",status:status});} if(a.indexOf("/cdn/")!==-1){loadFunc(a.replace("cdn/",""),err,success); vwoErr(); return true;} else if(a.indexOf("/dcdn/")!==-1&&a.indexOf("evad.js") !== -1){loadFunc(a.replace("dcdn/",""),err,success); vwoErr(); return true;}};window.VWO=window.VWO || [];window.VWO._= window.VWO._ || {};window.VWO._.gcpfb=gcpfb;;var d={cookie:document.cookie,URL:document.URL,referrer:document.referrer};var w={VWO:{_:{}},location:{href:window.location.href,search:window.location.search},_vwoCc:window._vwoCc};;window._vwo_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window._vwo_apm_debug_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window.VWO._.useCdn=true;window.vwo_eT="br";window._VWO=window._VWO||{};window._VWO.fSeg={};window._VWO.dcdnUrl="/dcdn/settings.js";window.VWO.sTs=1743792555;window._VWO._vis_nc_lib=window._vwo_cdn+"edrv/nc-e76f33e8accfa6859749db0f9a4d4230br.js";var loadWorker=function(url){_vwo_code.load(url, { dSC: true, onloadCb: function(xhr,a){window._vwo_wt_l=true;if(xhr.status===200 ||xhr.status===304){var code="var window="+JSON.stringify(w)+",document="+JSON.stringify(d)+";window.document=document;"+xhr.responseText;var blob=new Blob([code||"throw new Error('code not found!');"],{type:"application/javascript"}),url=URL.createObjectURL(blob);window.mainThread={webWorker:new Worker(url)};window.vwoChannelFW=new MessageChannel();window.vwoChannelToW=new MessageChannel();window.mainThread.webWorker.postMessage({vwoChannelToW:vwoChannelToW.port1,vwoChannelFW:vwoChannelFW.port2},[vwoChannelToW.port1, vwoChannelFW.port2]);if(!window._vwo_mt_f)return window._vwo_wt_f=true;_vwo_code.addScript({text:window._vwo_mt_f});delete window._vwo_mt_f}else{if(gcpfb(a,loadWorker,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a)}}, onerrorCb: function(a){if(gcpfb(a,loadWorker)){return;}window._vwo_wt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadWorker("https://dev.visualwebsiteoptimizer.com/cdn/edrv/worker-1135852b6bc11a94eb64017a8d120ad8br.js");;var _vis_opt_file;var _vis_opt_lib;if(window.VWO._.allSettings.dataStore.previewExtraSettings!=undefined&&window.VWO._.allSettings.dataStore.previewExtraSettings.isSurveyPreviewMode){var surveyHash=window.VWO._.allSettings.dataStore.plugins.LIBINFO.SURVEY_DEBUG_EVENTS.HASH;var param1="evad.js?va=";var param2="&d=debugger_new";var param3="&sp=1&a=940895&sh="+surveyHash;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?param1+"vanj"+param2:param1+"va_gq"+param2:param1+"edrv/va_gq-a062e7c4223b2b89f5cddb5055816677br.js"+param2;_vis_opt_file=_vis_opt_file+param3;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/dcdn/"+_vis_opt_file}else if(window.VWO._.allSettings.dataStore.mode!=undefined&&window.VWO._.allSettings.dataStore.mode=="PREVIEW"){ var path1 = 'edrv/pd_'; var path2 = window.VWO._.allSettings.dataStore.plugins.LIBINFO.EVAD.HASH + ".js"; ;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?path1+"vanj"+path2:path1+"va_gq"+path2:path1+"edrv/va_gq-a062e7c4223b2b89f5cddb5055816677br.js"+path2;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/cdn/"+_vis_opt_file}else{_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?"edrv/vanj-55389bda300ad24b514d62f335aa126abr.js":"edrv/va_gq-a062e7c4223b2b89f5cddb5055816677br.js":"edrv/va_gq-a062e7c4223b2b89f5cddb5055816677br.js"}window._vwo_library_timer=setTimeout((function(){vwoCode.removeLoaderAndOverlay&&vwoCode.removeLoaderAndOverlay();vwoCode.finish()}),vwoCode.library_tolerance&&typeof vwoCode.library_tolerance()!=="undefined"?vwoCode.library_tolerance():2500),_vis_opt_lib=typeof _vis_opt_lib=="undefined"?window._vwo_cdn+_vis_opt_file:_vis_opt_lib;var loadLib=function(url){_vwo_code.load(url, { dSC: true, onloadCb:function(xhr,a){window._vwo_mt_l=true;if(xhr.status===200 || xhr.status===304){if(!window._vwo_wt_f)return window._vwo_mt_f=xhr.responseText;_vwo_code.addScript({text:xhr.responseText});delete window._vwo_wt_f;}else{if(gcpfb(a,loadLib,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a);}}, onerrorCb: function(a){if(gcpfb(a,loadLib)){return;}window._vwo_mt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadLib(_vis_opt_lib);VWO.load_co=function(u,opts){return window._vwo_code.load(u,opts);};;;}}catch(e){_vwo_code.finish();_vwo_code.removeLoaderAndOverlay&&_vwo_code.removeLoaderAndOverlay();_vwo_err(e);window.VWO.caE=1}})();

Summer gasoline demand is down, despite lower prices

Elizabeth Trovall Jun 20, 2024
Heard on:
HTML EMBED:
COPY
Vehicles have generally become more energy-efficient, and there are fewer commuters on the road. Those factors may be keeping a lid on gasoline prices as travel season ramps up. Scott Olson/Getty Images

Summer gasoline demand is down, despite lower prices

Elizabeth Trovall Jun 20, 2024
Heard on:
Vehicles have generally become more energy-efficient, and there are fewer commuters on the road. Those factors may be keeping a lid on gasoline prices as travel season ramps up. Scott Olson/Getty Images
HTML EMBED:
COPY

Thursday was is the first official day of summer, which ushers in high season for the travel industry. Normally, demand for gasoline grows as road-tripping families fill up their tanks. But even though gas prices are cheaper this year than last, people are just not buying fuel like they used to.

The U.S. is the No. 1 market for gasoline in the world, but Tom Kloza, analyst at energy price data firm OPIS, said demand has been slogging along. 

“There’s no question, people aren’t feeling it,” he said.

Especially middle- and lower-income people. Because while gas prices may be lower, “hotel fees and eating out is so expensive that you can save 10 cents on gasoline, but it’s not going to make a difference to your lifestyle,” he said.

While some may be sensitive to travel costs, there are also fewer gas guzzlers on the road, Kloza said, so each gallon is going farther.  

“The efficiency of the fleet is really having an impact out there,” he said.

And some travelers aren’t using gasoline at all to get around.

“The slowing of U.S. demand for gasoline is due to the substitution effects from choosing air travel or choosing to travel on the road with [electric] or more efficient vehicles,” said Amelie Carlton, an economics lecturer at Rice University.

And with the flexibility of working from home, not as many people are driving into the office. All of which eases pressure on gas prices.

“The refineries ramped up production expecting increased demand over the summer,” said Carlton. “Their expectations have not been met with the demand from the American consumer. As a result, higher supply and lower demand have led to lower prices at the pump.” 

As for U.S. refiners, many of which are concentrated on the Gulf Coast, economist Jesse Thompson of the Dallas Federal Reserve said they are in a better position to deal with a lackluster gasoline market than those in Europe and Asia. 

“So if the demand here is weak and margins are in negative or very low or very, very low territory abroad, then I would expect you to see those refineries abroad cut run rates first,” he said.

And cutting their production would make more room for refiners in the United States to ship gasoline abroad. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.