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You are here: Home / News / Gas prices. It's the demand not the supply

Gas prices. It's the demand not the supply

November 6, 2007 By WRN Contributor

Gas prices across the state are creeping past that three-dollar mark and still rising.

The skyrocketing cost of crude oil certainly doesn't help but all the refineries appear to be working so supply isn't short.

Triple A Wisconsin's Larry Kamholz says demand is down and that helps keep prices higher to make up for it.

Kamholz thinks personal economics have something to do with it. People seem to be worried about housing prices, the credit crunch and even some job issues and are keeping what cash they can in reserve.

Kamholz says people don't seem to be driving as much right now but that could change as the holidays get closer.

AUDIO: Jim Dick reports ( :49 MP3 )

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