Energy prices are rising rapidly, not only here but across the world. We are seeing movements in the energy markets that we have not seen in decades. As the price of oil continues to climb higher, that means the price of gasoline, heating oil and any related commodities will continue to increase as well. Further, energy is the main driver of inflation because energy goes into everything. When you have rising energy prices, it flows all the way through to the final costs of virtually all goods and services.

So what can we expect to happen as a result of this global energy crisis? Host Lou Scatigna, CFP® explains in this segment from The Financial Physician.