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>>

  • Unauthorized traffic stops in Greene County

    Unauthorized traffic stops in Greene County

    Tuesday, August 19 2014 11:13 PM EDT2014-08-20 03:13:42 GMT
    A county manager is accused of making unauthorized traffic stops in Greene County.
    A county manager is accused of making unauthorized traffic stops in Greene County.
  • Atlanta City Councilman's expenditures reviewed

    Atlanta City Councilman's expenditures reviewed

    Tuesday, August 19 2014 11:00 PM EDT2014-08-20 03:00:27 GMT
    Atlanta City Councilman Michael Bond's travel expenses are being investigated by ethics officers.
    Atlanta City Councilman Michael Bond's travel expenses are being investigated by ethics officers.
  • Reality TV Star Todd Chrisley faces tough questions

    Reality TV Star Todd Chrisley faces tough questions

    Tuesday, August 19 2014 10:58 PM EDT2014-08-20 02:58:47 GMT
    It's one of the hottest reality TV shows in the country and it stars an Atlanta millionaire.It's called "Chrisley Knows Best" and Todd Chrisley is the flamboyant lead.But Senior I-team reporter Dale Russell has been digging through court records and says "reality" means something different to people who have done business with Chrisley.
    It's one of the hottest reality TV shows in the country and it stars an Atlanta millionaire.It's called "Chrisley Knows Best" and Todd Chrisley is the flamboyant lead.But Senior I-team reporter Dale Russell has been digging through court records and says "reality" means something different to people who have done business with Chrisley.
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 | New Terms of Service What's new | Ad Choices