NEW YORK (AP) — For small business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets. At a national average of $2.04 a gallon, regular gas is down 45 percent from its 2014 peak of $3.70, saving companies hundreds or thousands of dollars each month. Between 2011 and 2013, gas averaged around $3.50 a gallon nationally — more in the Chicago area, where gas taxes are high. [...] business nearly doubled last year as homeowners spent less on gas, saw the economy growing and decided to expand or update their homes, CEO Ken Combs says. Lower fuel prices aren't the main reason more people are willing to plunk down $100,000 on a Kona Ice food truck franchise. Would-be franchisees are aware that many consumers are more confident in the economy and feel freer to spend money — such as $2 to $5 on a cup of flavored ice. Hennessy, whose company, Your Pet Chef, has revenue between $3,000 and $4,000 a month, realized in early November she was saving a substantial amount of money on gas.
As The Cost Of Gasoline Shrinks, Small Businesses Think Big
By JOYCE M. ROSENBERG, AP Business Writer, Seattle Post-Intelligencer: Business
Wed, 01/28/2015 - 9:25am
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05/15/2024 - 5:40 am | View Link - More
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