Rising gas prices are hitting drivers across New Hampshire, but for some businesses, the impact is even more immediate.For businesses that rely on the road, every dollar at the pump matters.”They’re expensive, which is very hard,” said Cordan James, owner of Vetrun Movers. “I think we have to accrue that into our cost for our clients now.”James said peak moving season is just getting underway, but higher gas prices could slow business as customers look to cut costs.>> Download the free WMUR app to get updates on the go
MANCHESTER, N.H. —
Rising gas prices are hitting drivers across New Hampshire, but for some businesses, the impact is even more immediate.
For businesses that rely on the road, every dollar at the pump matters.
“They’re expensive, which is very hard,” said Cordan James, owner of Vetrun Movers. “I think we have to accrue that into our cost for our clients now.”
James said peak moving season is just getting underway, but higher gas prices could slow business as customers look to cut costs.
>> Download the free WMUR app to get updates on the go
“They can’t afford to move or get around as much because things are expensive, which makes it harder for me as I relocate customers,” he said.
Average gas prices in New Hampshire are more than $4 per gallon.
“It’s a battle every day. Every day,” said farmer Bob Jennings.
Experts said what’s happening overseas is a big reason why even though the United States produces its own oil, drivers still feel the impact.
“You’re safe from supply disruption,” said former OPEC chief economist Masood Samii. “But we are not safe from the price change.”
Adding to the uncertainty, the United Arab Emirates said it plans to leave OPEC, one of the world’s most powerful oil groups. Samii said any impact on prices likely won’t happen right away.
“They will have a possibility of increasing their supply and bringing prices down, but that would be in the medium term,” he said.
Prices are expected to remain high heading into the busy summer travel season, especially as the summer blend starts to kick in.
