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Drexel Economist Available to Comment on the Increase in Gas Prices

PHILADELPHIA, March 2, 2012

Drexel University’s Dr. Shawkat Hammoudeh, a professor of economics in the LeBow College of Business, is available to discuss the increase in gas prices and how high prices at the pump are expected to get.

Hammoudeh can discuss:

  • The possible cause of the sudden increase in oil prices. The fundamentals of supply and demand do not seem to have caused the strong increase in oil prices.
  • How far the WTI will jump and how this will impact economic recovery.
  • The impact of higher gasoline prices on family consumption and budget.
  • If releases from the SPR can help.
  • The feasibility of a short-run solution for the current price flare-up.

Hammoudeh has served as the senior economist to the Organization of Arab Petroleum Exporting Countries and as a researcher for the Kuwait Institute for Scientific Research. He has earned grants to study world oil prices and is the co-author of journal articles on the price of gas and oil and its connection to the U.S. markets.

Hammoudeh earned his undergraduate degree from the University of Baghdad and master’s and doctoral degrees from the University of Kansas.

News Media Contact

Niki Gianakaris

Director of Media Relations, University Communications

ngianakaris@drexel.edu
Phone: 215-895-6741
Mobile: 215-778-7752