Gas Prices Will Continue to Rise
--April 25, 2001--| TOPIC: | Experts predict gas prices, which rose about 15 percent in the last month, will remain high throughout the summer, according to a story by the New York Times. Those experts also predict that soaring gas prices will hit customers even harder this year than last due to the slowing economy. According to the story, a weekly report by the trade group American Petroleum Institute reportedly showed gas stocks are nearly 2.5 percent below last year's historically low levels for a comparative week. That said, the average retail gasoline price increased about 24 cents in the last month, to $1.66 a gallon as of Monday, according to the story. Last year, that average was $1.48 a gallon at this time of year, the story said. Reasons for hikes vary, the story said, and include increased use, a limited number of refineries in the U.S. and pollution standards, the story said. |
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Dr. James Smith is the Cary M. Maguire Professor of Oil and Gas Management at SMU's Cox School of Business. He has a PhD in economics from Harvard and is an internationally recognized expert in energy issues. 214/768-3158.
Marlin Gottschalk, Ph.D. has served as Manager of the Mobile and Area Sources Program for the Georgia Environmental Protection Division since November 1994. His responsibilities include implementation of the state's vehicle inspection and maintenance program, the clean fueled fleets program, the Stage I and Stage II vapor recovery programs, the low RVP and low sulfur gasoline program, the Partnership for a Smog-Free Georgia, and other components of the strategy for improving ambient air quality in Atlanta's 13-county ozone non-attainment area. PR: Candace Kemp candace@cookerly.com
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