Oil Prices Climb Despite Saudi Assurances

NPR | By Melissa Block

Published May 24, 2004 at 12:00 AM EDT

Crude oil prices rise to a new record high, despite word from Saudi Arabia's oil minister that his country will increase production. While higher oil prices mean higher gas costs for motorists, other elements are involved in the final price at the pump, experts say. Hear NPR's Melissa Block and Tom Kloza, chief oil analyst with the Oil Price Information Service.

Melissa Block

As special correspondent and guest host of NPR's news programs, Melissa Block brings her signature combination of warmth and incisive reporting. Her work over the decades has earned her journalism's highest honors, and has made her one of NPR's most familiar and beloved voices.

See stories by Melissa Block

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