WPR News
10:33 am
Wed June 2, 2004

Contractors Pinched By High Gas Prices

Cheyenne, WY – Wyoming contractors are feeling the pinch of higher gasoline prices. Wyoming Contractors Association Executive Vice President Charlie Ware says higher fuel prices are having a devastating impact on some contractors. Ware says construction companies working on federal highway project are particularly hard hit. He says those contractors usually get the bid six to eight months before they start work. Ware says having to estimate how much gasoline costs to complete a project cuts into a company's bottom line. He says contractors normally allow for a five to seven percent fuel price hike, but prices now are averaging 25 to 28 percent higher than normal. Ware says several of his members are seriously discussing whether their companies will still be in business if gas prices don't come down.