In the Media

Prof. Christopher Knittel speaks with New York Times reporter Emmett Lindner about the likelihood that gas prices remain high after the U.S.-Iran framework deal is signed. “When prices are going up, consumers are very adamant about checking the prices of multiple gas stations,” says Knittel. “But when prices start to fall, they do that less, so gas stations can kind of get away with not lowering prices one for one with oil.”