$100 to Fill Gas Tank in L.A.: Are Oil Companies Taking Advantage?
Loyola Marymount University Professor Sung Won Sohn says high gas prices are due to a “four-legged stool”: supply, demand, taxes, and regulations.
Loyola Marymount University Professor Sung Won Sohn says high gas prices are due to a “four-legged stool”: supply, demand, taxes, and regulations.
“We all support environmental regulations, but at the same time, we want cheap gasoline, which is not possible,” said Sung Won Sohn, professor of finance and economics at Loyola Marymount University. “You can’t have your cake and eat it too.”
“Since the end of the pandemic, people are out driving,” said Sung Won Sohn, professor of economics at Loyola Marymount University in Los Angeles.
What this means is that stagflation is here, and the strong job market Powell has pointed to won’t last, says Sung Won Sohn, professor of finance and economics at Loyola Marymount University.
State residents are going to pour this money into a consumer market that already has excruciatingly high demand for many goods and services that are in short supply. The relief funds will add to…
“Inflation is eating away at consumers’ purchasing power,” said Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist of SS Economics. Source: CNN The Dow Falls Nearly 800…
“The Fed now recognizes that it is way behind the curve on inflation and must act more decisively,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles….