Higher gas prices are ‘absolutely recessionary’: IBM vice chair

Higher gas prices are ‘absolutely recessionary’: IBM vice chair

By Yahoo Finance Video
Publication Date: 2026-03-19 15:17:00

00:00 Speaker A

Gary, good to see you. I love that you always come prepared. You got the dot plot here. I mean, this is, that’s why I love having you on.

00:06 Gary

You know, it’s it’s very nice geometric shapes. So I thought I’d bring it in.

00:09 Speaker A

No, it’s great. No, it’s awesome.

00:10 Gary

In case, in case, you know, we want to talk about the geometry.

00:13 Speaker A

I also love talking to you because you break, you talk in, uh, you make a lot of sense to me every single time. So we heard from Chair Powell yesterday. He didn’t want to commit to how higher gas prices are going to impact the economy.

00:26 Speaker A

For the average human out there, is what we’re seeing with oil prices transmitting to gas prices, is it recessionary?

00:32 Gary

It’s absolutely recessionary in the short term.

00:36 Gary

Like, there’s nothing more instantaneous to a consumer than standing there holding…