Gas Prices Up 33 Cents In Past Month

Record Profits At Exxon, Declining Production At Oil Fields

…Prices at the pump reflect prices in crude oil, according to Barkley Rosser, professor of economics at James Madison University.

…Rosser identifies two disturbing elements in the oil industry.

Production in Saudi Arabia, which produces 5 percent of the world

At al Ghawar, the world