MONDAY: Mostly cloudy with showers and thunderstorms. High: ...more »
High Gas Prices Hurt Area Businesses
The price of gas is not only draining your wallet, it's hurting local businesses too. Right now a gallon of regular unleaded gas in the capital city can be found as high as $3.69.
Many area employers rely on vehicles to deliver goods and services and are now losing money due to the pain at the pump.
Gas prices are a sore subject for most people because when the price goes up at the pump, it hurts everyone. From taxi drivers to truck drivers, many companies are losing money every day due to the increasing gas prices at the pump. When the majority of your business is spent behind the wheel, even a few cents can make a difference.
Gracious Cab Company said they can't do anything about the price of gas, but the city can do something about their mandated meter rates.
"If the city can increase our meter rate, because other cities is the same way," Gracious Cab manager Robert Ewa said. "Even St. Louis, their gas is cheaper than us. Their meter is higher than us. They start at $2.50, but we are here with $2.20."
Cab companies are not the only ones hurting.
"It really hurts their budget," truck driver Greg Adams said. "They budget gas and food costs and when they go up it affects the business."
Adams is on the road five days a week for his job and he estimates he spends about $300 a week, if not more, just at the pump.
He delivers vending machine food items and said the price of gas could make your favorite office snacks a little more pricey, because that extra price in fuel often gets passed along to the consumer.
According to city officials, cab meter rates are set and have been the same since 2006.
The owner of Gracious Cab said the mayor could bring this to the city council, but city officials say no cab companies have raised the issue.