Little blue car with cash roll on roof rack
Little blue car with cash roll on roof rack

Weatherhead’s Jonathan Ernest discussed why Ohio isn’t immune to high gas prices

CWRU economics professor explains why Ohio is not protected from supply chain gas price surges

WOIO: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, explained why Ohio can’t escape the hit of high gas prices despite having four refineries statewide. “It doesn’t necessarily mean because you have a refinery here in your backyard that you have really cheap gas that you can use as you like and buy for pennies,” he said, “You’re really still competing with shipping that gasoline to other states and other stations and if they’re willing to pay more for it, than it’s going to ship there instead of just across the street from the refinery.”