On Today's Biz Breakdown, the oil shortage being compared to the 1970s gas crisis, home prices surged In March, and 56% of tech workers say they would quit if recorded by their employer.

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Biz Breakdown: Oil Shortage Compared To 70s Crisis, Home Prices Surged In March, Tech Workers Would Quit If Recorded

I'll take a look at some of the other business headlines. We're watching for you this morning. The US and Europe may see oil prices spike higher than in the 1970s that his demand continues to ramp up for travel season, the head of the International Energy Agency, warning that the current energy crisis could be worse and longer lasting than the shocks all the way back in the 1970s. He says back then, it was just about oil. Now we have an oil crisis, a gas crisis and an electricity crisis all simultaneously. Now this year, energy prices pushed upwards that after the Russian invasion of Ukraine that further disrupted the limited supply gas prices hit a record high over Memorial Day weekend. The national average of a gas of of a gallon of gas is at $4.62. Meanwhile, rising mortgage rates did not slow down, rising home prices in the month of March, The value of a home in the us jumped 20.6% in March. From the year prior that according to the case Shiller National Home Price Index, that's actually a 20% increase from february, making the largest year over year gain in the index is 35 year history. The index monitoring the 20 largest cities posted a 21.2% annual growth up from 20.3% a month earlier. That according to the report, Tampa phoenix and Miami continue to see the highest annual gains With increases over 30%. Finally, as more and more people work remotely employees now working. Our employers, excuse me now working to keep tabs on their employers, A new survey found over half of tech employees say they would rather resign than being subject to facial recognition technology or have video or audio recorded by their employer. According to axios, more than half of tech workers would not take a new job if the employer use surveillance techniques on them, employers do have the right to a certain amount of surveillance, especially when it comes to company equipment, but there's also a growing concern about privacy since so many employees are now working from their homes.