Increase in gas prices to impact other SC goods and services

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Gasoline prices across the country have once again set a record high and there are impacts far beyond the road, experts say. In South Carolina, the average price of a gallon of regular gasoline on Wednesday was $4.02. In North Carolina, the average was $4.12 and $4.16 in Georgia. I don’t know how far they will go. I mean, if you talked to me two months ago, I was probably going to tell you that you wouldn’t see $4 gas, but look where we are now,” said Tiffany Wright of AAA des Carolinas. Rising fuel costs will affect “These transportation costs are going to be passed on to consumers because grocery stores operate on pretty thin margins,” said Scott Baier, chairman and John E. Walker economics department professor at the Clemson University. applies to farmers and it doesn’t help that diesel fuel goes up about 75 cents in a week. “Fertilizer costs have increased astronomically for 2022 and (as has) diesel fuel,” said Hugh Weathers, Commission for South Carolina. The Minister of Agriculture. “The cost of producing that same agricultural product will likely rise much more than what we read about inflation.” The trucking industry has already faced staffing shortages and inflation. , I mean they only got out there for a reason and that’s ultimately to make money,” said Rick Todd, president and CEO of the South Carolina Trucking Association. “And so if they have an operating cost like fuel to do what it does, they have to increase it to offset that cost or they won’t stay in business for long.”

Gasoline prices across the country have once again set a record high and there are impacts far beyond the road, experts say.

In South Carolina, the average price of a gallon of regular gasoline on Wednesday was $4.02.

In North Carolina, the average was $4.12 and $4.16 in Georgia.

I don’t know how far they will go. I mean, if you talked to me two months ago, I was probably going to tell you that you wouldn’t see $4 gas, but look where we are now,” said Tiffany Wright of AAA of the Carolinas.

Rising fuel prices will affect other industries.

“These transportation costs are going to be passed on to consumers because grocery stores operate on pretty thin margins,” said Scott Baier, chair and John E. Walker Professor of Economics at Clemson University.

The low margin also applies to farmers and it doesn’t help that diesel is up about 75 cents in a week.

“Fertilizer costs have gone up astronomically for 2022 and (as has) diesel fuel,” said Hugh Weathers, South Carolina Department of Agriculture Commission. “The cost of producing that same agricultural product will likely rise much more than what we read about inflation.”

The trucking industry is already facing labor shortages and inflation.

“Truck owners don’t go for rides, I mean they’re only in it for one reason and that’s ultimately to make money,” said Rick Todd, president and CEO. director of the South Carolina Trucking Association. “And so if they have an operating cost like fuel to do what it does, they have to increase it to offset that cost or they won’t stay in business for long.”


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