Rising energy prices around the world
Energy prices are going up around the world as extreme weather becomes the norm and more people are on the move after long stretches of pandemic lockdown.
China and India are facing an electricity crisis, while prices for oil and natural gas roughly doubled over the past year. In the U.S., gas prices are going up by 50%.
Axios Re:Cap talks with Axios’ business editor Kate Marino who’s been reporting on the energy prices.