Gasoline demand is down, but will prices follow in trend?
Friday, March 21st, 2008Local analysts aren’t surprised that demand for gasoline is down.
And while that trend may continue — even with the summer driving season gearing up — that doesn’t necessarily mean that gas prices won’t climb to record-shattering levels.
But Steve Agee, an economist with Oklahoma City University who also is president and chief operating officer of Agee Energy and chairman of the Oklahoma Energy Resources Board, is not making predictions on how high prices will go.
“If you could tell me where crude oil prices are going, I could make you a prediction. But at the margin…ultimately demand factors are going to decide this issue,” he says.
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