Unrest in Egypt causing gas price hike - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Unrest in Egypt causing gas price hike

Posted: Updated:
ATLANTA -

The unrest in Egypt has fueled a hike in gas prices.  Prices at the pump are up as much as 20 cents in the past week and could continue to go up as the price of crude oil goes up.

The price at the pump for regular gas at one QuikTrip in DeKalb County stood at $3.43 a gallon on Wednesday. QT and other gasoline retailers expect to see continuing price increases as wholesale prices surge.

The rising prices will affect consumer budgets and summer travel expenses, as well as the cost of doing business for companies like Superior Plumbing. From a base in Kennesaw, owner Jay Cunningham has about 70 employees and 50 vehicles covering the metro area.
 
When you look at a small business, a plumbing business like ours…If in the last few years, we're spending a million dollars or so just on fuel, we've got to keep an eye on it," said Cunningham.

Uncertainty about the extent of gas price increases makes cost calculations difficult. Cunningham said that he wants to ensure that customers pay the actual cost of fuel, not an inflated guess.

The company has seen the cost of fuel rise by more than 30 percent in recent years.

Experts say the higher gas prices can also be blamed on low supplies because of an unanticipated demand for oil.

  • More Local NewsMore>>

  • #IMREADY Fulton storm spotter training

    #IMREADY Fulton storm spotter training

    Thursday, April 24 2014 7:03 PM EDT2014-04-24 23:03:42 GMT
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
  • Teachers in beating video deny wrongdoing

    Teachers in beating video deny wrongdoing

    Thursday, April 24 2014 6:06 PM EDT2014-04-24 22:06:56 GMT
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
  • Man who shoots alleged car thief facing murder charges

    Man who shoots alleged car thief facing murder charges

    Thursday, April 24 2014 4:24 PM EDT2014-04-24 20:24:40 GMT
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices