King Banaian

Road construction projects, car parts, home improvement projects and more aspects of American life continue to be impacted by supply chain issues. St. Cloud State University Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON.

Gas prices has been on the steady decline in the past few weeks. St. Cloud State Dean, School of Public Affairs and Economics Professor King Banaian joined me on WJON. He says there are a couple of reasons for the decline in gas prices. Banaian says people are driving less which means there is extra gas to move.

Gas prices have come down 15 to 20 cents over the past couple of weeks. St. Cloud State Dean, School of Public Affairs and Economics Professor King Banaian joined me on WJON. He says the demand for gas remains high so he doesn't see prices coming down very much.

Gas prices in the St. Cloud area range largely from $4.19 to $4.34 as of Wednesday night. The possibility of seeing gas prices reaching $5,00 a gallon is very real this summer. St. Cloud State Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON.

Gas prices in the St. Cloud area have come down a bit in the last week. St. Cloud State University Economist King Banaian joined me on WJON this week. He says President Biden's decision to release 180 million barrels of oil from the Strategic Petroleum Reserve is reducing the price of gas at least in the short term.

Gas prices have stabilized a bit in the last couple of weeks with most pumps at $3.89 to $3.94 today. St. Cloud State Economist and Dean School of Public Affairs, King Banaian joined me on WJON today. Banaian expects gas prices to be on the slow increase, barring anything unforeseen, through spring into the summer months.

The labor shortage in Central Minnesota is "real". That according to St. Cloud State Economist and Dean, School of Public Affairs. He joined me on WJON today. Banaian says the shortage could actually be getting worse.

Gas prices over the past few months have mostly been on the rise. St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON this week. He says gas stations buy their gas from a distributor who charges them a certain price.

The latest unemployment report will be released Friday. St. Cloud State University Economics Professor and Dean, School of Public Affairs joined me on WJON today. He says that report will should us one of two things that more people went back to work in the past month or more people are now looking for jobs.

Almost everyone is hiring right now in Central Minnesota. St. Cloud State Economist King Banaian joined me on WJON today. He says the age group that hasn't returned to the workforce the most is those who are 55 years of age and older.

A worker shortage, COVID-19 pandemic and a shortage of many products has triggered inflation in many different areas in our economy. St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says inflation is sticking around for the foreseeable future and will impact many Central Minnesotans.