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.
The cost of goods and services have been on the rise due to inflation for the past 6 months. King Banaian is the Dean, School of Public Affairs and Economics professor at St. Cloud State. He says with an unemployment rate below 4% and prices rising because people can afford to spend more, he has a hard time believing we're going to have a recession anytime soon.