Economist Wagner Interviewed on Gas Price Spikes
UMaine School of Economics assistant professor Sharon Wagner spoke with Channel 7 (WVII) Monday for a 6 p.m. news report about some of the reasons for recent spikes in gasoline prices. The single most influential factor in gasoline prices is the cost of crude oil, she says, which is tied to supply and demand and also world events, particularly in the Middle East, from where less than a quarter of the oil used in the U.S. comes.
Contact: George Manlove, (207) 581-3756