ROANOKE (WSLS 10) Catching a ride home after New Year’s Eve celebrations may cost more than usual. Uber, a ride sharing company, says it expects to increase fares in an effort to meet a record number of ride request. The early hours of New Year’s Day are often a busy time for cab companies like B.
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But now as oil prices rise, a lot of people really feel the pain. Q: What kind of impact on the region’s economy will high gas prices have? A: If you have to spend more on gasoline, naturally you’ll have less money left for alternative consumption. My expectation would be this would eat into luxury goods and things that can be delayed in terms of purchases like durable goods.
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