Are High Gas Prices Here To Stay?

The Biden administration asked OPEC to ramp up production and help prices, but they said no.

Gas prices are breaking the bank in the U.S. and next door in Canada, with the country putting gas restrictions in place and prompting panicked stockpiling. 

The questions many have are: Why are gas prices so high, what would help them come down and when will that happen?

Brian Marks is an economics and business professor at the University of New Haven in Connecticut.