BizSugar.com › News › How Are Rising Gas Prices Affecting Your Business?

With gas prices averaging more than $3.90 a gallon, according to the American Automobile Association’s Fuel Gauge Report, U.S. consumers are hurting. But gas prices are hitting small businesses in more ways than one. Business owners are paying more for their own gas (especially crucial if your business relies on deliveries or your employees drive to visit customers). They’re likely losing sales as customers cut back on spending to afford gas. Their employees are hurting as well, especially those with long commutes to work. And these pains aren’t likely to stop anytime soon, with many experts predicting gas prices will hit new records by Memorial Day.