Why Are Gas Prices so Volatile?Top of Mind with Julie Rose • Season 1, Episode 621, Segment 3
Aug 21, 2017 • 1h 5m
Guest: Gideon Bornstein, Doctoral Student of Economics, Northwestern University We all remember several years ago when gas was over $4 a gallon. Now, it's holding steady around $2.30. Why do gas prices go up and down so much? According to a study out of Northwestern, it is not just because of OPEC. Customer demand plays a large a role.