Rayola Dougher, senior economic adviser with the American Petroleum Institute, speaks to the Hattiesburg Rotary Club Tuesday.
HATTIESBURG, MS (WDAM) - The Senior Economic Adviser with the American Petroleum Institute addressed members of the Hattiesburg Rotary Club Tuesday.
Rayola Dougher spoke about gas prices and other issues during the organization's monthly meeting at Southern Oaks and Gardens.
Dougher said one of the keys to decreasing gas prices is to increase supply. And she said with the correct national energy policy, America could also decrease its dependence on overseas sources of oil.
"Within a dozen years, between ourselves and what we can get from Canada and our bio fuels, we could be fairly self-sufficient in the liquid fuel needs," Dougher said. "Now that's something worth going for. We'd have extra supply in the global market. It would put downward pressure on prices, we just don't know by how much, we just know bringing more supply is a plus," she said.
Dougher said currently, oil companies earn about seven cents on every dollar of gas they sell.