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Wed, Feb 22, 2012 -- 9:00 AM

Skyrocketing Gas Prices


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Kevork Djansezian/Getty Images
Gas prices are displayed at a Chevron station on January 18, 2012 in Los Angeles.
Kevork Djansezian/Getty Images
Gas prices are displayed at a Chevron station on January 18, 2012 in Los Angeles.

Gas prices across the country are shooting up. In Bay Area cities, prices have passed the $4 mark and may keep climbing as investors watch escalating tensions between Iran and Israel. At the same time, there is optimism that the global economy may be improving, driving oil demand up. We discuss all the factors, and what the high prices mean for the economy and your wallet.

Host: Michael Krasny

Guests:

  • Catherine Reheis-Boyd, president of the Western States Petroleum Association
  • Jay McKeeman, vice president of government relations for the California Independent Oil Marketers Association, which represents gas station owners
  • Judy Dugan, research director for Consumer Watchdog
  • Michael Levi, senior fellow for energy and the environment at the Council on Foreign Relations

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