Drennen and Larigan ’05 Discuss Gas Prices – Hobart and William Smith Colleges \
The HWS Update

Drennen and Larigan ’05 Discuss Gas Prices

Tom Drennen, associate professor of economics, and Jessica Larigan '05 both gave commentary about the rising cost of gas in the April 13 Finger Lakes Times article “Gas prices not keeping local motorists off roads.”

Drennen pointed out the demand increase as the United States is competing on the world market for oil with China, which is increasingly becoming more oil-dependent as more people there buy cars. And, he said, Americans are also increasing their consumption of fuel by buying larger, less fuel-efficient vehicles and driving just as far. But, he said, higher gas prices tend to push people to think about what they can do to affect prices and the recent decline in sport utility vehicle sales shows that people are more concerned with fuel efficiency.

Larigan said that relative to other countries, Americans have it pretty good even though the price of gas is rising.

“It's always in the back of my mind,” Larigan said. “But I haven't really changed the way I drive.”