{"id":26868,"date":"2023-07-27T15:50:05","date_gmt":"2023-07-27T19:50:05","guid":{"rendered":"https:\/\/www.furman.edu\/news\/?p=26868"},"modified":"2023-07-27T15:50:05","modified_gmt":"2023-07-27T19:50:05","slug":"economist-jason-jones-weighs-in-on-rising-gas-prices","status":"publish","type":"post","link":"https:\/\/www.furman.edu\/news\/economist-jason-jones-weighs-in-on-rising-gas-prices\/","title":{"rendered":"Economist Jason Jones weighs in on rising gas prices"},"content":{"rendered":"<p>Reporter Peyton Furtado of <a href=\"https:\/\/www.wyff4.com\/article\/south-carolina-drivers-gas-prices-increase-hikes\/44654684\">WYFF News 4<\/a> caught up with Furman&#8217;s Jason Jones, an economics professor, about spiraling gas prices. Extreme summer temperatures and other factors are to blame for the increases, he said.\u00a0 &#8220;T<span id=\"8\">he extreme heat that we&#8217;re\u00a0<\/span><span id=\"10\">experiencing across the country\u00a0<\/span><span id=\"11\">right now has made it <\/span><span id=\"12\">difficult for the refineries to\u00a0<\/span><span id=\"14\">keep up with the turning oil\u00a0<\/span><span id=\"16\">into gasoline,&#8221; Jones said. &#8220;T<\/span><span id=\"17\">hey&#8217;ve had to even shut\u00a0<\/span><span id=\"18\">down some refineries because of\u00a0<\/span><span id=\"20\">the demand that&#8217;s been on their <\/span><span id=\"23\">production from the cooling <\/span><span id=\"25\">costs that are associated with\u00a0<\/span><span id=\"25\">it.&#8221; <\/span><\/p>\n<p>Jones also noted that the dip in oil supply due to the war in Ukraine has also spurred elevated prices at the pump.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist Jason Jones explains several factors that are playing into higher prices at the pump.<\/p>\n","protected":false},"author":257,"featured_media":26870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46,6,120],"tags":[2195,1783,2196],"class_list":["post-26868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-in-the-news","category-wyff-tv","tag-gas-prices","tag-supply-and-demand","tag-war-in-ukraine"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts\/26868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/users\/257"}],"replies":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/comments?post=26868"}],"version-history":[{"count":0,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/posts\/26868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/media\/26870"}],"wp:attachment":[{"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/media?parent=26868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/categories?post=26868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.furman.edu\/news\/wp-json\/wp\/v2\/tags?post=26868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}