Close Up: Economist James Hamilton on Gas Prices
Some experts are predicting that gas prices could hit $5 per gallon this summer. We decided to talk to UC San Diego economist James Hamilton, an expert in oil markets, to find out whether their predictions are going to come true. Luckily, Hamilton told us in this video Q and A that he expects to see a decrease in prices in the coming months. But over the long run, prices will remain high. So don't buy that gas-guzzling SUV just yet, he said.