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Economy / Gas and Grocery Prices #867559

NBC Evening News for Wednesday, May 02, 2007
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(Studio: Brian Williams) Reports introduced.

(Los Angeles: George Lewis) The rising price of gas featured; prices cited. [Alaron Trading energy analyst Phil FLYNN†- predicts prices could go higher.] [Californian Cesar CASASOLA‡- cites savings from riding his motorcycle.] [UC-Davis economist Christopher KNITTEL†- notes fuel economy hasn’t changed.] [Chicago florist Joe YANNA‡- notes the impact on his profits.] [DRIVER – reacts to prices.]

(New York: Anne Thompson) The ripple effect of the increased price of corn due to the demand for ethanol examined; statistics cited; details given of the food uses for corn. [Consumer Melissa AMERAULT†- reacts.] [Iowa State University economist Bruce BABCOCK††- says corn is in almost everything we eat.] [Rancher Pete BONDS††- says we have never seen corn go up to this magnitude.]

Williams, Brian;
Lewis, George;
Thompson, Anne

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