Rubin Quoted in Detroit News
UMaine School of Economics energy expert Jonathan Rubin was quoted in a Detroit News story on the downside of low gas prices. Rubin and other economists told the Detroit News that, while low fuel prices have short-term economic benefits, there can be serious long-term consequences, including increased sales of larger, less energy-efficient vehicles. “It’s a lost opportunity,” Rubin said. “New vehicles last for 16 years, on average. So whatever momentum we saw toward smaller cars will slow.” The Los Angeles Times and Bangor Daily News also quoted Rubin on the topic.