McCombs TODAY

Finance Professor Ehud Ronn was recently interviewed by News 8 Austin about where your money goes when you pay at the pump. It is more complicated than simply blaming the oil companies, Ronn said. “They are benefiting from prices being high but they have no ability to affect those prices,” he said.
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The economic pundits are filling the airways with stories of how high energy prices are going spell doom for the U.S. economy. In Washington and across the country politicians seem to tripping over themselves trying to find “someone to blame” for raising gasoline prices. In his latest video Macro Update, senior finance lecturer Michael [...]

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