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uk professor on gas prices

Video Credit: WTVQ Lexington, KY - Published
uk professor on gas prices
uk professor on gas prices

Arabian oil facility this weekend... the price of gas is a concern here in the u-s.

But don't worry too much...the head of petroleum analysis at gasbuddy -- patrick dehaan -- estimates the hike is a matter of cents...he says people could see prices go up from 10 to 25 cents a gallon in the next few weeks.

We talked to a u-k economics professor who says right now... there's a level of uncertainty around the long term impacts... he says it's possible this will only effect kentuckians for a short period, "we're starting to hear at this point is that some of the supply can be back online fairly quickly so the price increases may not be very large and may not last very long."

He says the more information released the better... and the u.s. has actually become less dependent on saudi arabian oil.

In the first half of this year -- the u.s. imported fewer than half the amount... of barrels each day..

From saudi arabia... than it did two years




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