Published November 18th, 2008
The Bureau of Labor Statistics reported today wholesale energy and gasoline prices dropped dramatically in October – ultimately, a stark indication of decreasing demand resulting from the global economic downturn.
While wholesale energy prices fell 12.8 percent, wholesale gasoline prices dropped 24.9 percent after just a 0.5 percent decline last month.
So far in November, falling oil barrel prices and consumption have made current gasoline prices the lowest since summer 2005, according to the U.S. Department of Energy. The average retail price also dropped yesterday to $2.132 a gallon – a 2008 all-time low after prices peaked to $4.165 in... Read more
Tags: Bureau of Labor Statistics, christina lee, gas prices, holiday sales, producer price index
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Published November 6th, 2008
Costco Wholesale’s food sales led a slow growth in the United States this month, though they could not counteract declines in international and total company sales.
In the course of four weeks that ended Sunday, overall U.S. sales rose by 2 percent as international sales fell by 10 percent, summing to a one-percent decline in total company sales.
While other merchandise sales fell overall, food sales continued to rise due to wholesale price inflation. Since September, bakery sales rose by double-digit percentages, while fresh foods sales “continue[d] to be a bright spot in our business,” said Bob Nelson, Costco Wholesale’s... Read more
Tags: Bob Nelson, christina lee, Costco Wholesale, food prices, gas prices
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Published April 22nd, 2008
Crude oil prices are up 16% already this year and show no signs of slowing down. So without further ado and straight from the dailybreeze.com here are 10 great tips on how small businesses can deal with the soaring gas prices:
1. Add a separate fuel fee. Call it a fee, call it a surcharge - call it whatever you want. But more and more small businesses are tacking on a special charge to offset the cost of gas. Customers may not be happy, but most understand since they’re dealing with the same situation themselves. They don’t expect small businesses... Read more
Tags: economy, Finance and Accounting, gas prices, Rebecca Button, small business, tips
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