Major Companies To Hike Prices To Offset Gas Prices

BALTIMORE (WJZ)—Get ready for even higher bills. This week, several major companies say they’re hiking prices to make up for the rising cost of gas.

Adam May reports you’re about to feel the impact.

Brace yourself the next time you head to supermarket. Grocery shopping is getting more expensive. And gas is getting the blame.

Beef and pork prices are expected to rise 6-8 percent this year, fruits and vegetables up 5 percent cereals and grains up more than 4 percent. Others products from shampoo to toilet paper are climbing too.

“Ridiculous,” said one consumer. That’s the feeling among many now stuck paying at least $4 a gallon for gas.

“It kills my budget; it soaks up a lot of my money,” said a Maryland driver.

And even more frustrating for drivers: Major oil companies announce billions in record breaking profits.

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