Appeared on December 10, 2010
A Philadelphia Inquirer article about rising gas prices quotes Drexel LeBow's Shawkat Hammoudeh, Ph.D., professor of economics.
Hammoudeh says recent manufacturing data showed a resurgence of economic activity in Germany, China, and India, which has helped push up crude oil prices to match increased demand. "The economic fundamentals are getting stronger, and that means there will be more demand."