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Columbia Business School’s Gernot Wagner spoke with Marketplace about the economic forces shaping gasoline prices as the national average for a gallon of gas dipped below $3. Wagner discussed how broader inflationary and deflationary pressures influence fuel costs, explaining how changes in global energy markets, supply conditions, and macroeconomic trends can affect what consumers pay at the pump. His analysis highlights the complex relationship between inflation dynamics and energy prices within the broader economy.
