Smart Talk

Smart Talk is a daily, live, interactive program featuring conversations with newsmakers and experts in a variety of fields and exploring a wide range of issues and ideas, including the economy, politics, health care, education, culture, and the environment.  Smart Talk airs live every week day at 9 a.m. on WITF’s 89.5 and 93.3.

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Host: Scott LaMar

Why are gas prices falling?; How will PA be affected by Supreme Court ruling on juvenile lifers?

Written by Scott LaMar, Smart Talk Host/Executive Producer | Jun 26, 2012 7:50 PM

Radio Smart Talk for Wednesday, June 27:

There are only a few topics that the great majority of adult Americans have an opinion on, but the price of gasoline is one of them.  Usually, we hear an outcry when prices rise by even a nickel or a dime per gallon.  Price increases of more than that generate calls to elected officials, letters to the editor, and oh yes, telephone calls to talk shows.

Gas is a commodity that almost everyone needs once or twice a week, so motorists quickly notice any price fluctuations.  A consumer who spends more money than they're used to on gasoline will often cut back in other areas to stay within their budget.  That's when the overall economy is impacted.

But what about when gas prices go down?  After peaking at nearly $4 a gallon in Pennsylvania two months ago, the average price of unleaded regular has fallen to $3.34.  The lowest gas prices are in the midstate where several retailers are selling gas for under $3.10 a gallon.

On Wednesday's Radio Smart Talk, we'll ask Greg Laskoski, the Senior Petroleum Analyst with gasbuddy.com why prices are on their way down, how far they'll go before bottoming out, and how long the price drop will continue.

Also, the U.S. Supreme Court ruled this week that juveniles can't be sentenced to life in prison without the possibility of parole.  What will that mean for the more than 400 inmates in Pennsylvania who were convicted for crimes committed when they were under the age of 18?

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