Weatherhead's Jonathan Ernest explains global tensions and gas prices

Global tensions push gas prices higher in Ohio

Spectrum News: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, said geopolitical tensions—such as developments involving Iran—can disrupt oil supply and quickly push gas prices higher. He noted prices often rise before shortages occur as drivers and markets react early, and higher fuel costs can ripple through the economy, raising transportation costs and prices for delivered goods.