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

Weatherhead’s Michael Goldberg discusses rising gas prices

How Russia’s invasion of Ukraine impacts Ohio’s gas prices

Michael Goldberg, executive director Veale Institute for Entrepreneurship

WEWS: Michael Goldberg, associate professor of design and innovation at Weatherhead School of Management and executive director of the Veale Institute for Entrepreneurship, explained the reasoning for rising gas prices. “What we’re seeing is a direct result of European oil customers looking beyond Russia to import their oil; that’s causing world prices to go up,” he said. “It’s directly impacting the world oil prices, even if we in the U.S. are not importing much Russian oil ourselves.”