Thursday, April 10, 2008

Restaurants' triple serving of recession

Not only do they have to cope with a drop in business, but fuel surcharges and soaring food costs as well.

Jeannie Felts Buckner is caught in a recession triple squeeze.

As owner of the Hunter's Run Pub and Grill in Camden, Ala., she's seen a 30% drop in business recently - a drop she attributes to consumers pulling back in the face of rising gas prices and a looming recession.

But Jeannie's troubles don't end there. As a business in a rural area, most of her food and other supplies are trucked in, and she says the delivery companies have tacked on additional fuel charges over the last few months.

Plus, prices for basic foodstuffs have soared along with other commodities - in just one year the cost of flour has nearly doubled.

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