The latest local kangaroo academic speculation . . .
Gas prices in the Kansas City area could climb to $5 a gallon if the Strait of Hormuz remains blocked.
University of Missouri-Kansas City economic Dr. Sirisha Naidu said rising crude oil prices affect nearly every corner of the economy because so many everyday products rely on petroleum.
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“The world economy depends on gas, right? Not just to drive cars, but for so many things that we rely on, sometimes we don't even think of,” Naidu said.
Read more via www.TonysKansasCity.com link . . .
Could gas prices hit $5 in Kansas City? UMKC economist warns it's possible
Could Kansas City gas prices really hit $5 a gallon? A UMKC economist says global tensions could drive up costs on everything from fuel to groceries.
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