Mark Paul, an assistant professor specializing in climate economics at Rutgers University, emphasizes the importance of complementing demand-side policies with supply-side strategies in the fight against climate change.
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Consumers in ‘very sour mood’ as inflation outpaces wages
The prices of gas, home energy and food all spiked by double digits over the past month, but wages aren't keeping up, with annual inflation now topping 9%. "It’s leading to a very sour mood,” said James W. Hughes, dean emeritus at Rutgers University’s Edward J....
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
New Jersey State Policy Lab: What’s Up with Gasoline Prices?
Some of this rise should have been expected. Gas taxes, the relative value of the dollar, lower than usual supply, and higher than usual demand are some of the key factors.
New Jersey State Policy Lab: Now is the Time to Save Oil in a Hurry
One way to reduce oil price spikes when there is a supply crunch is to reduce demand. To reduce the demand by 29 million gallons per day across roughly 280 million US vehicles, this is only 0.1 gallons per day per vehicle.
Low oil prices are good news for the Garden State
So what does this mean for Garden State residents? “A continuation of low oil prices will be extraordinarily positive for the New Jersey economy,” says James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University....