This morning, a barrel of oil has been hovering at around $100. They were closer to $72 a barrel before war in the Middle East began. Average gas prices are also now up 27 cents in a week. We break it all down with Julia Coronado, founder and President of MacroPolicy Perspectives.
In response to surging oil and gas prices, Canada, France, Germany, Italy, Japan, the U.K., and the U.S. are having an emergency meeting this morning to talk about possibly releasing oil reserves from their stockpiles to soften this oil price spike.
The New World screwworm, a parasitic fly, has been eradicated from the U.S. for over 60 years. But in recent months, it has been detected as close as 70 miles from the U.S.-Mexico border.