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Weatherhead's Jonathan Ernest on current gas prices and inflation in Northeast Ohio

Media | March 18, 2026 | Story by: Editorial Staff

Oil prices surge after US strikes Iran: What it could mean for gas prices and inflation in Northeast Ohio

WKYC: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, said rising oil prices after U.S. strikes on Iran are likely to push up gas prices and contribute to inflation, meaning drivers in Northeast Ohio could pay more at the pump and see broader cost increases if the conflict disrupts energy supply.