Gas Prices Affect Other Products - KLTV.com - Tyler, Longview, Jacksonville |ETX News

2/24/03 - Longview

Gas Prices Affect Other Products

With the nation on the brink of war, gasoline prices have soared.

But the higher price at the pump affect more than just your car.

It affects almost every aspect of your life from your groceries to even your mail.

With the cost of diesel fuel hovering just below $1.70 a gallon it's no wonder the trucking industry is feeling the pinch.

But carriers know, in the end, who'll pay the biggest price.

"The consumer. The cost is gonna get passed down to the groceries we haul and all the other commodities that are going up and down these highways," says trucker Lee Adams.

At total packaging owner, Judy Bandaries, is already paying a 4 and a half percent surcharge for fuel with Federal Express, UPS and Airborne.

"They're having to pay more for their fuel and so they're passing it on to the consumers even though they just went up a large amount in January to raise their prices for their yearly price increase," says Judy.

So far Judy has been able to keep her prices to her customers the same but with another increase expected to hit March third that may change.

For Chris London with London Cab Company his change in prices came sooner than later.

He spent the morning increasing cab fares.

"We decided after lengthy discussion to raise our prices from $1.30 to $1.50 a mile," says London.

The ripple down affect can be seen in groceries as well.

Consumers seem to be resigned to the increases.

"We all have to survive one way or the other. Even if the prices go up we still need to eat. We still gotta get back and forth to work so we just have to pay the price," says Claudette Williams.

While oil prices continue to increase consumers are left to foot the bill.

Since December, energy costs have jumped nearly 5%.

In turn, other industries have increased their rates to consumers.

And most airlines have added a $10 fuel surcharge to fliers.

Amy Tatum, reporting.

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