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Oil Prices Climb Despite Saudi Assurances

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.

Copyright 2004 NPR

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.