Roy Cordato’s commentary on gas prices has been published in more papers around the state. Meantime, JLF Adjunct Scholar Mike Walden weighed in on energy conservation, now that gas prices have spiked due to refining and distribution restrictions from two hurricanes. The NC State Economics Professor writes in Dunn’s Daily Record that in the 1900s, century-low gas prices led to big vehicles that were relatively cheap to operate. Now, the market is responding to higher prices in a variety of ways. “Ultimately, the market rules!” Walden concluded.
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