Scott L. Montgomery

Scott L. Montgomery

Scott L. Montgomery is a lecturer at the Jackson School of International Studies, University of Washington.

High gas prices listed on a pump

Commentary: Oil price shocks have a long history, but today’s situation may be most complex ever

By: - March 15, 2022

The world is in the grip of an oil price shock. In just a few months, prices have risen from $65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise, and consumer tempers to flare. Even before Russia’s invasion of Ukraine, prices were climbing rapidly because of roaring demand and […]