Americans could begin to feel the effects of increased gas prices by paying more at the grocery store or to receive heavy goods that are delivered.
THE PUMP ISN’T THE ONLY ONE GOING UP. I’M DAVID CRABTREE FOR EVERYONE ON DEBRA MORGAN. WHEN THOSE GAS PRICES GO UP, SO DOES THE PRICE OF ANYTHING THAT HAS TO BE SHIPPED GROCERIES. >> CLOSE YOUR FRIDAY NIGHT. TAKE OUT IF IT NEEDS A VEHICLE TO IT’S MORE EXPENSIVE. RIGHT NOW. WRAL’S MATT TALHELM TALK TO DRIVERS TODAY ABOUT HOW MANY WAYS THAT THEY FEEL THE PINCH >> YEAH, DENVER, WE ARE ALL FEELING IT. EVERY TIME WE GO TO FILL UP THE TANK AND YOU WATCH THOSE PRICE NUMBERS ROLL HIGHER AND HIGHER. WELL, IMAGINE WHAT IT TAKES TO FILL UP A TRUCK THAT SUPPLY STORES LIKE THIS. WE ALL AS SHOPPERS COULD SEE THOSE PRICES INCREASE IN JUST THE NEXT FEW WEEKS. IF THE PRICE HIKE AT THE PUMP LAST. IT’S EASY TO GET LOST IN THE RHYTHM OF EACH SWIPE ACROSS THE >> UNTIL THE TOTAL AT THE BOTTOM OF THE RECEIPT. SNAP 2 OUT OF THE CHECKOUT TRANCE. I TRY NOT TO LOOK AT THE PRICES. I KNOW THEY’RE UP THERE. BUT IF I LOOK AT THE PRICES AND I WANT BACK. >> I KNOW HAAS LIMIT HER GROCERY SHOPPING TO WHAT YOU CAN CARRY A NOTICE. MY BAG IS 2 BAGS. TAKE THE NEEDS. WHAT I NEED ALL BECAUSE OF THE PRICE. YOU CAN’T IGNORE AND BIG RED BLOCK NUMBER. I HAVE A FIXED INCOME. SO I HAVE TO HAVE TO LIVE HERE AND IT VERY NOT TO PICK UP MY GUEST. AT THE SAME TIME, HIGHER GAS PRICES ARE DRIVING UP THE COST FOR COMPANIES TO TRUCKS APPLIES TO STORES IN THE PAST. WE HAVE SPIKES WE OFTEN SAW FUEL SURCHARGES THAT ULTIMATELY GOT PASSED ONTO THE CONSUMER. >> AND WE MAY END UP SEEING THAT IN THE FUTURE AS WELL. THE LATEST CONSUMER PRICE INDEX FORECASTS, FOOD PRICES TO GO UP 2 AND A HALF TO 3 AND A HALF PERCENT THIS YEAR THAT CAME OUT AROUND THE SAME TIME RUSSIA INVADED UKRAINE AND BEFORE GAS PRICES REALLY TOOK OFF SIGNIFICANT DAMAGE HAS ALREADY BEEN DONE. >> AND I THINK THAT THIS WILL BE A SUSTAINED INCREASE IN ENERGY PRICES. SOUP FUQUA SCHOOL OF BUSINESS PROFESSOR CAMPBELL HARVEY SAYS WE’RE ALL PAYING THE COSTS OF THE WAR IN UKRAINE TO PAY FOR ALL OF THE SANCTIONS REALLY COMES DOWN TO THE AVERAGE PERSON INDEED, THE PERSON THAT CAN LEAST AFFORD THIS INFLATION TAX FILLING UP THE CARD COMES DOWN TO A COST BENEFIT ANALYSIS FROM A GOOD REASON NOT BUYING FRIVOLOUS THINGS LIKE THAT EXTRA BAG OF POTATO CHIPS. I WOULD HAVE WANTED AS GAS PRICES TAKE A BIGGER BITE OUT OF YOUR PAYCHECK. MY PAYCHECKS ARE NOT GOING UP. >> SO THAT YOU CAN DEFINITELY TELL THAT TO CONTINUE. >> THE NORTH CAROLINA RETAIL MERCHANTS ASSOCIATION PRESIDENT TELLS ME WE CAN ALSO EXPECT TO SEE THOSE PRICES GO UP ON HEAVY ITEMS TO SHIP. THAT INCLUDES FURNITURE AND APPLIANCES. STEP UP.
