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Baker Institute study finds continuing upward pressure on retail gasoline prices
Date:5/21/2008

s consumes 33 percent of the worlds road transportation fuel and demand continues to grow. Thus, as American demand goes, so goes the world price of oil."

The only way to address high energy prices over the long term, the study's authors argued, is to curb U.S. demand growth. They call for "a combination of conservation, higher fuel efficiency, alternative fuels and greater domestic production capacity" to achieve "manageable and acceptable" gasoline prices in the future.


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Contact: David Ruth
druth@rice.edu
713-348-6327
Rice University
Source:Eurekalert

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