Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

11:56 a.m. • 5-19-13

Weather Forecast for Raleigh

  • Today: Thunderstorm.
    • Hi: 78° F
  • Mon: Thunderstorm.
    • Hi: 76° F
  • Tue: Thunderstorm.
    • Hi: 81° F

Other Locations

> 7 Day Forecast

Doppler Image

Published: 2004-03-31 05:58:00
Updated: 2004-03-31 05:58:00

High Gas Prices Affecting Businesses' Bottom Lines


Trucks
Trucks
print friendly

When beautiful flowers arrive at your door, they do not get there by magic.

Someone loads them into a truck and delivers them.

A Raleigh florist spends about $1,700 per month for gas. Its most recent gas bill was $2,400.

"Right now, it is just affecting our bottom line," florist Leigh Davis said. "We're not passing it on to the consumer at this point."

Imagine that a dozen roses represent the U.S. economy, which produces roughly $11 trillion a year in goods and services. For every 10-percent permanent increase in gas rates, the economy loses about $100 billion, or one rose -- roughly one percent.

It may not seem like much. But it can have a significant impact in the long run.

Gas prices affect everyone. For example, a pizza delivery person pays for gas out of his own pocket.

"It doesn't really affect the money that I make," deliveryman Josh Drukenrod said. "It affects the money I spend. Over the period of time since I first started, I've probably lost about $50 a month just in gas."

High gas prices also are having a huge impact on the moving industry.

"I think our fuel prices are up 25 to 30 percent in the last 60 days," moving company manager Don Ashworth said.

A tractor trailer can use as much as 300 gallons of gas to travel one way from North Carolina to the West Coast. At today's prices, this can cost more than $600.

"I'm hoping it's just a part of the political process, and it will reverse itself shortly," Ashworth said. "It usually does. We have seen this before."

Everyone who drives hopes the gas prices will not continue to drive the economy.

The

North Carolina Utilities Commission

regulates how much moving companies can charge customers for gas. The gas surcharge is increased as gas prices increase.

The next increase in the surcharge is expected to go into effect April 15.


0 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments 0 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

View Comments 0 COMMENTS