August 3, 2023
Professor Peter Orazem was interviewed by KTIV for the story "Gas prices spike 23 cents in Iowa as vacation season rolls on," which details a recent surge in gas prices in Iowa. Orazem told KTIV that some of the increase is due to increased consumer demand. “Another factor is that the dollar has been slipping in strength a little bit and oil prices worldwide are denominated in dollars, so as the dollar weakens, the price of gasoline is going to start to rise,” he said.