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Money on top of small blue car

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

MEDIA | June 27, 2022
STORY BY: EDITORIAL STAFF

WOIO: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, explained why Ohio cant escape the hit of high gas prices despite having four refineries statewide. It doesnt 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, Youre really still competing with shipping that gasoline to other states and other stations and if theyre willing to pay more for it, than its going to ship there instead of just across the street from the refinery.