What rising gas prices mean for restaurants

What rising gas prices mean for restaurants

Quick-service chains to feel the pinch the most, NPD analyst says

With gas prices on the rise, many restaurant operators are bracing for a replay of 2008, when sustained high fuel prices cut into consumers’ discretionary spending.

The national average price for gas rose to $3.471 a gallon Friday, according to AAA, and a gallon of gas hit $4 in Chicago and California this week.

Uncertainty over the world’s oil supply, made worse by ongoing conflict in Libya and the Middle East, probably will drive prices higher in the near term, sai

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish