Food prices stay high despite lower gas costs
The price of gas has dipped below $3 a gallon, but many are wondering why a decline in the cost of groceries hasn?t followed. According to analysts, food distributors passed along the steep rise in gas
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Oct 21, 2008, 12:36 AM
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Updated 5,800 days ago
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The price of gas has dipped below $3 a gallon, but many are wondering why a decline in the cost of groceries hasn?t followed.
According to analysts, food distributors passed along the steep rise in gas prices over the summer by charging consumers more for their products.
However, experts say it normally takes time for the economy to even out. They say the state only regulates the price of milk. Everything else is up to the manufacturers.
Some shoppers are skeptical that a link even exists between gas and food prices.
?I don't believe that. I believe everything is going up because the economy is bad,? says Africa Staples, of the Bronx. ?They're going to get in what they can get in now before it gets worse.?
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