WLWT: Rising fuel costs take a toll
UC economics professor says consumers will have to make adjustments
Rising fuel prices are taking a toll on truck drivers and consumers, WLWT reported.
"I think consumers, knowing that reality, that there's not much that can be done in the short run, they're going to have to start to make adjustments," said Michael Jones, the Kautz-Uible Professor of Economics in the University of Cincinnati’s Carl H. Lindner College of Business.
Michael Jones, PhD, associate professor of economics at the University of Cincinnati Carl H. Lindner College of Business.
Along with the rising cost of gasoline, Americans are seeing the price of other items increase as well. It’s becoming more expensive to transport goods, and businesses are passing those added costs along to consumers.
Jones said the effects could extend to other financial sectors as well.
"The concern here comes in that you start to see a pullback in the stock market. You start to see not just the effects on the pocketbook, but you'll see it in your 401K. Maybe you'll see a pullback in real estate," Jones said.
Featured image at top courtesy of Unsplash.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Lindner graduate students shine in international simulation competition
November 10, 2025
Five master’s of information systems (MS IS) students took home fifth place out of 23 universities at the International ERPsim Competition hosted by HEC Montreal during the recent spring semester. The competition tests students’ knowledge of enterprise resource planning (ERP) software and their ability to adapt to challenging business problems.
Sugar overload killing hearts
November 10, 2025
Two in five people will be told they have diabetes during their lifetime. And people who have diabetes are twice as likely to develop heart disease. One of the deadliest dangers? Diabetic cardiomyopathy. But groundbreaking University of Cincinnati research hopes to stop and even reverse the damage before it’s too late.
Is going nuclear the solution to Ohio’s energy costs?
November 10, 2025
The Ohio Capital Journal recently reported that as energy prices continue to climb, economists are weighing the benefits of going nuclear to curb costs. The publication dove into a Scioto Analysis survey of 18 economists to weigh the pros and cons of nuclear energy. One economist featured was Iryna Topolyan, PhD, professor of economics at the Carl H. Lindner College of Business.