Tuesday, May 12, 2026 – High gas prices eat into business profits and personal budgets

The cost of fuel is a major expenditure for farmers, commercial fishermen, long-haul truckers, and dozens of other businesses. The persistently high cost of gas since February’s start of the Iran War is eroding the profit margin for those businesses. They ultimately either absorb those costs, pass them on to customers, or shut down. For individuals, the price of oil is showing up in everything from people’s vacation plans to how much they heat their homes at night. We’ll hear about where the cost of petroleum shows up beyond just the gas pump and how Native businesses and individuals are coping.