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March 22, 2011MARYVILLE, MO | By: Sales
You may soon pay even more at the gas pump.
That's the prediction of a Maryville economist. Dr. Mark Jelavich at Northwest Missouri State says the ongoing Lybian crisis is keeping the price of oil high. He points to oil trader's fears of a disruption in oil supplies which he says could create contracts guaranteeing supplies but at higher prices. Jelavich adds the growing economies of China and India are also keeping demand high for oil