Excerpt
Higher Gas Prices Ahead: How Can Your Small Business Cope?
Higher fuel costs are bad news for consumers and small businesses. According to the U.S. Energy Information Administration (http://www.eia.gov), gasoline and diesel prices in 2012 are trending steadily upward, and nearing a 9 percent increase since January. Many experts are predicting that the average cost per gallon of gasoline will jump the $4 mark by Memorial Day due to the rollout of the more expensive seasonal gasoline blends, possibly breaking the all-time record of $4.16 per gallon by summer. The potential for $5 per gallon gasoline by year’s end cannot be ruled out, as continued tensions in the Middle East and $100-plus per barrel crude oil prices provide upward pressure that is starting out higher than usual in advance of the summer driving season.
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