An interview with Lawrence Officer, professor in the Department of Economics, was featured in a December 31, 2015 Chicago Tribune article entitled “Why Cheap Gas Won't Necessarily Mean Lower Prices at the Store.” The article discusses both the individual and overall economic benefits that lower gas price can potentially have on society.
“ "The psychological effect of low gas prices is incredibly important," said Lawrence Officer, a professor of economics at the University of Illinois at Chicago. "Is there any other commodity where you see the price every day just driving around?" ”
To read the full article, as well as more comments from Professor Officer, please visit the Tribune’s website here.