Gas prices putting the pinch on Grand Strand business - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Gas prices putting the pinch on Grand Strand business

MYRTLE BEACH, SC (WMBF) Grand Strand business owners say rising gas prices could be hurting consumers and the bottom line of local businesses.

A Myrtle Beach motorist who asked to only be identified as Jackie, said the increased cost has cut into his wallet.

"It's horrible for the person to have to pay all these prices to get back and forth to work," Jackie said.

George Bupkis, a driver for Atlantic Roofing Distributors in Myrtle Beach, said rising gas prices have forced the business to pass on the increased costs to their customers.

"We have to recoup that money, so we have to increase the price into our product," Bupkis explained. "It's tough on the consumer."

Michael Byrd, manager at Piggly Wiggly at Market Common in Myrtle Beach, said their prices have not increased dramatically, but increases are likely on the way if the high gas prices continue.

"Our fuel surcharges go up, and of course you'll see the prices of produce and groceries go up," Byrd explained. "You'll see customers buy more generic and cheaper items which isn't as high a sale ring as we would like."

The national average for a gallon of gas rose for the twenty-third straight day Thursday, settling at $3.74 a gallon. Gas prices have risen 46 cents since the beginning of 2012.

"There goes my bank account," Jackie lamented at a gas pump on Thursday. "You can't go out and have as much fun when you get off work, so it alters [my] plans a lot."

Copyright 2012 WMBF News. All Rights Reserved.

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