King Banaian

Inflation continues to be in factor for Central Minnesotans with so many products and services going up in price. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON. He indicates the latest ADP report, which processes paychecks, shows wages went up 7.7% and Banaian says inflation is up 8%.

The talk of recession in the United States has been going on for months. St. Cloud State Dean, School of Public Affairs and Economic Professor King Banaian joined me on WJON. He says we may be in a recession now and if not now, soon.

Gas prices have been on a steady decline in Central Minnesota and throughout the country for the last few months. St. Cloud State Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON. He says the reason for this trend is the demand for gas just isn't there.

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.

The United States currently imports oil from Canada, Mexico, Saudi Arabia, Columbia, Ecuador, Iraq and Brazil just to name a few. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today.

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.

Gas prices were virtually unchanged in the past week. More on this here. St. Cloud State Economist and Dean, School of Public Affairs joined me on WJON this week. He says slowly but surely OPEC has decided to increase their supply by pumping a little bit more.

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.