{"id":29674,"date":"2016-02-17T12:24:23","date_gmt":"2016-02-17T18:24:23","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=29674"},"modified":"2016-02-18T10:01:47","modified_gmt":"2016-02-18T16:01:47","slug":"gas-prices-below-2-can-have-negative-effects-say-economists-video","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/gas-prices-below-2-can-have-negative-effects-say-economists-video\/","title":{"rendered":"Gas prices below $2 can have negative effects, say economists (Video)"},"content":{"rendered":"<p><strong>By Michael Bacos<\/strong><\/p>\n<p class=\"dropcap\">For the first time in seven years, gas prices in Illinois have dipped below $2. This benefits consumers by giving them more spending money on other goods. However, there are some negative environmental impacts to these high gas prices.<\/p>\n<p>Economists say the lower prices\u00a0may discourage people from purchasing fuel-saving vehicles, and it could affect funding for research into alternative, cleaner fuels.<br \/>\n[vimeo 155550155 w=474]<\/p>\n<p><!--more-->Northwestern University Economics Professor Mark Witte believes a tax on gas can help provide funding to other sectors of our society, such as rebuilding our infrastructure or funding education and scientific research.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Michael Bacos For the first time in seven years, gas prices in Illinois have dipped below $2. This benefits consumers by giving them more spending money on other goods. However, there are some negative environmental impacts to these high gas prices. Economists say the lower prices\u00a0may discourage people from purchasing fuel-saving vehicles, and it [&hellip;]<\/p>\n","protected":false},"author":151,"featured_media":30328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,585],"tags":[],"class_list":["post-29674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2016"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gas prices below $2 can have negative effects, say economists (Video) - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/gas-prices-below-2-can-have-negative-effects-say-economists-video\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gas prices below $2 can have negative effects, say economists (Video) - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Michael Bacos For the first time in seven years, gas prices in Illinois have dipped below $2. 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