• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Demand is down, why not gas prices?

Demand is down, why not gas prices?

July 1, 2008 By WRN Contributor

The current price of gasoline appears to defy basic economics. Pam Moen with AAA Wisconsin says even though demand is down, prices are not. "It just defies logic that these prices can continue, absent the supply and demand support for them," says Moen. "But, so far this year they have continued to defy logic and set new highs." Moen says that's primarily due to speculation by traders, coupled with a weak U.S. dollar.

Moen calls decreased sales of gasoline "demand destruction," and Bruce Speight with Wisconsin Public Interest Research Group says an increased use of public transportation may be contributing to that drop in demand. So where do we — and gas prices — go from here? Talk of seven dollars a gallon notwithstanding, Moen says it's next to impossible to make any kind of meaningful prediction.

AUDIO: Bob Hague reports (:65 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Assembly Republicans propose bills to prohibit transgender girls from girls’ sports

Brewers off to 2-0 Cactus League start

Watt agrees to deal with Arizona

Brewers long ball to capture Cactus League opener

Bucks rally for fifth straight win

TwitterFacebook

Sports Headlines

Brewers off to 2-0 Cactus League start

Watt agrees to deal with Arizona

Brewers long ball to capture Cactus League opener

Bucks rally for fifth straight win

Badgers sweep Ohio State, stay in Big Ten title picture

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC