King Banaian

St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today. He says the national data indicates that the age group of 20-24 is working less than that age group worked in 2019. Banaian says the shortage in workers doesn't appear to be with teenagers as that age group is back working at a similar level to what they worked in 2019.

St. Cloud State Economist and Dean School of Public Affairs King Banaian joined me on WJON today. He says gas prices are on the rise and expects to see $3 dollars a gallon gas at some point this summer. Banaian says the reason for the increase is largely due to demand.

St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says the stock market and economy are looking good. Banaian says there is optimism with more and more people getting the Covid-19 vaccine, less likelihood of shutdowns or dial backs and warmer weather approaching.

St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says gas prices will continue to rise in the short term due largely to the affect that weather had on refineries in Texas.

St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON this week. He says gas prices will rise but not "a whole lot" between now and this summer. He says the supply of oil is large enough right now that even if more people chose to drive to vacation spots this spring the price shouldn't jump significantly.

St. Cloud State University Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says due to the pandemic he expects the next couple of months to be similar to the last 2 months in regards to limited business openings due to Covid-19.

St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today. He says gas prices which are around $1.90 per gallon now will likely stay the same for at least the next couple of months. He expects when the Covid-19 vaccine become more widespread available that the price will likely rise to around $2.20 a gallon.

St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today. He says due to the pandemic gas prices remain low in large part because of a decrease of the amount of travel. He says it's hard to say if the economy is in a recession.

St. Cloud State Economist King Banaian joined me on WJON today. King says the gas prices dropping below $2.00 a gallon is an indication that the summer travel season is over and that less people will be doing driving vacations anytime soon. He says many Minnesotans chose to do their "holidays" within driving distance largely within the state.

St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON today. He indicates that he expects our current low interest rates to continue for the next 2 years. He says many people have refinanced their homes and can continue to do so.