Rising gas prices threaten stability and livelihoods around the world

The cost of filling a car's tank, getting to work and cooking dinner has spiked

Photo: Bloomberg
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In recent weeks, Russia has been ratcheting down gas deliveries to several European countries. Photo: Bloomberg

NYT
“No es suficiente” — It’s not enough. That was the message protest leaders in Ecuador delivered to the country’s president this past week after he said he would lower the price of both regular gas and diesel by 10 cents in response to riotous demonstrations over soaring fuel and food prices.

The fury and fear over energy prices that have exploded in Ecuador are playing out the world over. In the United States, average gasoline prices, which have jumped to $5 per gallon, are burdening consumers and forcing an excruciating political calculus on President Joe Biden before the midterm congressional elections

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First Published: Jul 03 2022 | 11:55 PM IST

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