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Wednesday 5/23/2001
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City

High gas prices upset students, area residents

Price increase may have begun with production

By Kyle Boggs
Summer Reporter

Gas. Lately, for many people, that word conjures up feelings of annoyance, anger, disbelief and concern.

U.S. gasoline prices are at the highest they've been in ten years. This is due to a decline in world production of crude oil and increasing demand among U.S. consumers.

As many college students live paycheck to paycheck, it is often harder to budget money for gas than it once was.

"I don't expect prices to come back down for a long time," said Zac Knoll, a junior in the Schools of Engineering. "I'll feel the hurt when I have to drive to my internship this summer."

According to the Organization for Petroleum Exporting Countries (OPEC), it began in March 1999, when OPEC announced a decrease in production that cut world output by three percent, or about 2.1 million barrels of crude oil daily. Therefore, an increase in demand and a decrease in production had caused the prices to raise significantly.

When asked if prices may go down, Bob Staley, head coordinator of Westland CO-OP INC., said that he has no idea what the prices will do as he doesn't have any control over them. "It's just as confusing to me as it is to everyone else," he said.

There is essentially no change in sales either. Right now gas prices are between $1.78 per gallon and $1.84 per gallon. "People will pay it; everyone's gotta have it (gas) regardless," said Staley.

"I wish I could guess (what gas prices will rise to this summer). We are all at the mercy of the refineries," said sales representative of AmeriGas Patty Denman.

"Generally, gas prices raise a few cents right before major holidays because they know they can get it," she said. "That’s the only inclination I have."

Some people remain hopeful that the government will step in and do something about this. "It sucks, but I think the prices will stabilize and go down this summer," said Ed Prusiecki, a senior in the School of Management.

Citizens may be able to act as a whole to lower prices. Recently, San Diego Mayor Roger Hedgecock led citizens in a boycott of gasoline purchases on Fridays. This kind of citizen action might be necessary in order to tell Congress that prices need to come down.

Presently, there is no determined way to predict what will happen to gas prices this summer, or even tomorrow for that matter. Therefore, students will have to continue to skip meals during the day, buy Marsh brand products instead of name brands, sweat with the air conditioner off, and do a lot more walking this summer to afford to drive every once and a while. Who knows, maybe America will finally get a little exercise.

 

 

 

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Purdue Exponent 2001