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This week on "The State of Ohio": The Senate version of the budget is on its way, with just a few weeks remaining to hammer out differences with the House. Lawmakers try to clarify the state auditor's role with JobsOhio. And we revisit and update two controversial issues from the last year - the abortion debate in Ohio and the state's new exotic animals law and the facility it created.
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| Top oil economist speculates on whether "five-dollar-a-gallon" gas could happen soon. |
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By Bill Cohen - April 6, 2011 |
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Ohioans are paying about $3.70 a gallon for regular gasoline, and recent price hikes suggest we may soon be paying $4. But what’s the possibility the price could skyrocket even higher --- to $5? That’s the question that was on the minds of many who attended a speech today in Columbus by the chief economist of the U.S. oil industry. John Felmy didn’t give a direct answer to that question. Instead, he noted that per-gallon gasoline prices are usually about one dollar higher than the per-gallon cost of crude oil. So that crude oil price - now about $108 dollars a barrel - still has a long way to go before motorists have to pay five dollars a gallon for gas. |
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John Felmy (:20) 
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| John Felmy appeared at the Columbus Metropolitan Club. |
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