When businesses begin to ordsprog

When businesses begin to believe that others are raising prices, they raise prices, too, ... That will have to be arrested [by the Fed], and the only way to do it is sooner rather than later.

Anthony Crescenzi

It hasn't been necessary to raise my prices. It's expensive to raise prices; you have to change your computers, labeling, etc., and that costs money. Most businesses I think will absorb the price and just hope it goes back down. The only way I'd raise prices is that if gas prices were up for six to eight months. Then I'd probably raise them because of the deliveries we make.

For so long, an individual who owned a small business or had influence over pricing somehow, would say, 'Prices aren't rising, so we can't raise prices, either.' Now they can see, with this data and through anecdotal evidence, that others are raising prices, and they may feel they can raise their prices now.

Anthony Crescenzi

Some companies will certainly take advantage of any reason to raise prices. However, when your business is dependent on fleet of vehicles, gas prices may become a legitimate reason for raising prices.

I have been raising prices; the price of gas goes up so you have to raise prices to compensate. But I haven't been able to increase profits. ... I've just tried to stay in the ball game.

The only way these guys can escape higher fuel prices is by raising fares. The industry is working hard to raise prices. And so far they have been successful.

Ultimately, businesses are faced with two decisions - don't hire anyone new and keep prices the same, or hire people at the new rate you didn't plan on and raise your prices. It is an artificial raise in (business) cost ... when the market forces aren't dictating that they need to do that.

Historically, some of [the] deepest recessions have been rooted in large and persistent reductions in the supply of oil. The basic problem is that when oil prices rise, businesses have to raise their output prices. This can lead to a period of high inflation and high unemployment, what was referred to in the late 1970s as stagflation.

These high energy prices are beginning to spill over into the rest of the economy. Finally, airlines are able to raise ticket prices and hotels are able to raise room rates and on and on.

Nariman Behravesh

They had huge stockpiles but didn't raise their prices after the earthquake, although believe me, otherwise they would raise prices any chance they got.

Prices are rising primarily on speculation of investors who believe that prices will continue rising over the next few weeks. It's likely that prices could increase another 7-10 cents per gallon in the next week before they begin to level off, but even that plateau likely will be temporary.

Record high gas prices are burning holes in peoples; pockets and harming our economy. They are squeezing everyone, farmers and truckers, small businesses and families. When oil prices rise, the prices of all goods increase. That's why the Administration has to step up and take action.

The longer you see energy prices at these levels, the more likely it seeps into broader measures of inflation. Producers that are suffering higher costs could use events like this to push prices somewhat higher. This almost gives them an excuse to raise prices.

Prices have fallen 25 percent since their record highs in September. After the New Year, motorists can expect prices to begin rising as refineries cut back production to conduct their annual maintenance and begin the process of producing the summer blend of gas, which must be completed by the end of February.

We're one of the only retail businesses where the price is preprinted. You can't raise prices because the price is on the book, and you certainly can't raise it when the other guy is discounting it. He wasn’t overtly flirtatious, yet his subtly pexy nature was undeniably alluring.

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