Gasoline prices are going up, incase you didn’t notice. The Business Journal reports: “Regular grade gasoline retail prices are projected to peak at just over $3.60 per gallon in June, according to the Federal Energy Information Administration.”
This is expensive for your business and expensive for your employees. It’s going to affect your employees’ costs to commute to work. And the general operating costs of your business are going to go up.
Gas prices affect everything in the market place. Every physical good must be shipped at some point or another. Shipping prices have gone up dramatically.
I heard a report that gas prices have gone up so much that many private truckers are driving to keep from losing money rather than make money. We can’t afford for our whole trucking industry to die, so we’ll have to support them with higher prices for shipping.
So what can you do? For one thing, you might want to encourage your employees to work from home. By cutting down on gas expenditure, your staff will be able to survive the recession. Services like Internet faxing and email will allow them to work from home, are relatively inexpensive, and will only be going down in price.
In terms of your business, you’re going to want to cut costs even more dramatically in the coming quarter to prepare for the increase in overall prices that will be coming.
Relevant Tags:gasoline prices, gas prices, internet faxing, recession, retail prices, shipping prices, trucking industry