Region 8 Is Paying the Price at the Pump - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR - Yalanda Young Reports

Region 8 Is Paying the Price at the Pump

August 15, 2005-- Posted at 5:45 p.m. CDT

Jonesboro, AR-- The summer has been costly to travelers this year with the increase in gas prices. People in Region 8 want an answer to when they can expect some relief, but it's not the answer they want to hear.

"I don't think it's realistic to expect the real cost of gasoline to go down in the future."

 ASU Professor Randy Kesselring explains there are ways to decrease the impact, but not the overall price. He says the prices aren't so bad.

"People do have a different idea about the gas prices, maybe one that's unrealistic. In real terms, gas is lower now than they were in the 1980's."

However, the problem is, this isn't the '80s, and it's drivers are hurting. Kesselring says we'll just have to adjust.

"People could buy more efficient cars, than ones like a hummer or a big SUV. Then they wouldn't spend so much on gas."

He agrees that the prices have rapidly increased, but as an economist, his outlook isn't what we want to see.

 

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