INDIANAPOLIS — The rising cost of fuel could lead to the end of the road for some local businesses as prices dig deep into their operating budgets.
Larry Roberson has been the president of the Capitol City Coach for the last 20 years.
“I’m afraid that this is it. My wife and I have owned this business for 20 years and this is our income. This is it. We have nothing else. If we are caused to shut down, then we are broke,” Roberson said.
With the recent rise in gas prices, Roberson is afraid to raise his prices because he doesn’t want to lose business. He said if the prices continue to skyrocket, he could lose his business.
“We are trying to make sure our fuel costs are a minimum,” Roberson said.
Roberson says his business isn’t even back to pre-pandemic levels.
When Roberson first started his company, gas prices were hovering around $2 a gallon. They're now double that.
“We went from about $900,000 a year in sales to $197,000 and now we are back up to $400,000,” Roberson said.
Roberson has had to raise his prices by about 5%.
Roberson isn’t the only business owner who is feeling the impact of the rising gas prices.
Emerson Borbor, the owner at Pronta Pizzeria for the last nine months, said the amount of people ordering delivery has gone down recently.
“The last 5 days, I’ve noticed our delivery service on the internet is getting slow but not inside as you can tell,” Borbor said.
-
Gov. Braun signs executive order banning transgender women from women’s sports
Gov. Mike Braun signed two executive orders on Tuesday that focus on transgender people living in the Hoosier state.
Man found guilty after stray bullet hits employee at Sullivan's Hardware in 2023
Marqueses Tipton was found guilty of the shooting on March 20, 2023, that left 64-year-old Susie Warden, an employee at Sullivan's Hardware store, critically injured by a stray bullet.
Lawsuit filed against Indianapolis after deaths of kayakers at Emrichsville Dam
A wrongful death lawsuit has been filed against the City of Indianapolis on behalf of two kayakers who drowned at Emrichsville Dam on the White River.
Appeals court backs Hamilton County in veteran service officers' supervision
The Indiana Court of Appeals has ruled the director of the Indiana Department of Veterans Affairs must supervise County Veteran Service Officers, an issue that’s been in dispute for several years.
