The unexpected impacts of high oil prices

new video uploaded: The unexpected impacts of high oil prices

Our chief economics correspondent, Ben Casselman, explains how gasoline prices have responded to the Persian Gulf oil crisis and what lies ahead for inflation if the price of oil remains above $100 a barrel.

By Ben Casselman, Sutton Raphael, James Surdam, Joey Sendaydiego, Estelle Caswell and June Kim

March 19, 2026

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