‘The longer this conflict goes on, the more price impacts we’re going to see’: Bakersfield economist worried about ongoing Iran conflict

BAKERSFIELD, Calif. (KGET) — As the war in Iran enters its second week, Americans across the nation are feeling its impact on their pocketbook.

Gas prices continue to increase across the country, and economists are worried this might just be the beginning.

“Gas prices have increased about 50 cents over the course of a week. But you’re going to start to start to see prices pass through in airline ticket prices, food prices, those sorts of things as the conflict continues to escalate,” said Dr. Richard Gearhart, Professor of Economics at CSUB…

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