New York Times / Inc.com article by Angus Loten
Record-high gas prices are taking a toll on smaller businesses, with many passing along higher costs to customers.
In a recent nationwide survey of more than 1,000 small-business owners by Discover, 75 percent said rising gas prices were cutting into profits. Gas prices make up a larger portion of expenses for smaller businesses, according to Sastry Rachakonda, the director of Discover's business credit card.
"Because gas is more a part of operating costs than materials, it is not an easy pass-through expense for people like contractors, landscapers and other who do a lot of driving," Rashakonda said.
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