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.
-
Victim in I-65 road rage shooting identified, authorities find suspect's car
The victim's car crashed into a pond, and he was thrown from the vehicle before it sank. State police found a bullet wound on his body and several bullet holes in his car.Trinity Free Clinic offering courses to help fill a need for healthcare workers
For more than 20 years, the clinic has provided healthcare services to people in Hamilton County who don't have access to affordable medical and dental care.Pacers fan from China runs website dedicated to team, bringing fans together
For the last 24 years, Lee has blogged every game in Chinese and opened a chat room where people can talk about the game and their love for the Pacers.WATCH: Hamilton County officials rescue woman from submerged car
A woman was saved from a submerged car in Hamilton County at the intersection of 296th Street and Carpenter Road on Tuesday.