Pump Prices Squeezing Retailers

Analysts say we can expect the price of gas at the pump to be well over $3 per gallon by the end of summer. As gas prices rise, so will shipping costs and as retailers we may eventually be faced with the dilemma of raising our product prices. Higher prices and less spending by our customers will surely have a negative impact on our bottom line. So what can we do? Start implementing ways to increase sales now.