TERRE HAUTE, Ind. (WTHI) – This coming weekend is Memorial Day weekend, the unofficial start to summer! Some of you may have plans to travel, grill out or both. Those plans will be more expensive this year.
“It’s prime time for grilling out and we got the holiday coming up,” said John Pluta of Mike’s Market in Terre Haute.
Mike’s Market was so busy you wouldn’t know that both beef and pork prices are higher than usual. Hog farmers already told News 10 a virus attacking piglets has caused an increase in pork prices.
“So, everybody’s switching to beef, and it’s drawn that up,’ said Pluta. “Plus, it doesn’t’ help that it’s the prime time grilling season.”
So, while prices on your favorites on the grill are a simple case of supply and demand, the same cannot be said right now for gas prices. If you’re planning on traveling this Memorial Day weekend, expect to pay more at the pump come Friday. But the owner of the Fort Harrison Mini Mart says don’t blame the local convenience store owner.
“I expect our prices to go up significantly.” Adam Hartman says a lot of people believe he and other gas stations raise prices during holidays to get to their customers. Hartman says that’s not the case.
“These oil companies are sitting there and raising the gas prices so they can make that little bit extra cent on there,” said Hartman.
Hartman said high gas prices have made it tough for convenience store owners to make money these days. He said he made better money when gas prices were cheaper.
“I want them to come in and purchase their candy and their pop and their water,” Hartman explained. “I don’t’ want them spending $40 to fill up their tank, or now $60, because they can’t come in and purchase anything else.”
Mike’s Market told us they think pork prices will begin to drop in the near future. That should also lessen the demand and prices on beef as well.