As the Iran war continues, gas prices hit a weekly average of $4.88 in Metro Detroit. The average price of diesel is $2 more than that.

The stock market is strong, but inflation is at least 1% higher than the federal reserve’s target. And the U.S. is in a trade war with Canada. 

This hasn’t caused a recession. But all of this does make it harder for small businesses to operate, like the corner bar on your street, and the auto repair shop in your suburb.

Mark Lee runs The Lee Group, where he’s been advising small businesses in this region for nearly 20 years. He explored answers to these questions with The Metro’s Sam Corey

Hear the full conversation using the media player above.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on-demand. Never miss an episode — subscribe to The Metro on Apple Podcasts, Spotify, YouTube, or NPR, or wherever you get your podcasts. Have thoughts? Email the show at metro@wdet.org.

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