Why people in Hawaii should care about this conflict
Since Hawai'i is largely dependent on imported goods, you may start seeing increases in the cost of everything you buy because of the uncertainty in the Middle East.
"...As Israel battles Hezbollah forces in Lebanon, the U.S. economy is reacting, particularly the stock market and the price of oil. Local economists say Hawaii's pump prices don't have to go up because so much of our oil comes from Asia -- but they say retailers probably will at least try, and that trickles down to just about all goods and services...
"...The economic impact also affects the cost of doing business.
"We're in the restaurant business, and you can see it in the delivery surcharges, computer tech people are charging surcharges, $30 travel time, that kind of thing," Dickson said.
And just getting stuff to Hawaii in the first place becomes a little more expensive.
"The Matson containers that are coming in, bringing the goods in, they're passing on the charge to us," Dickson said.
Hawaii could see a slight lag before prices jump in response to the latest oil-barrel rates. As for airline, shipping or electric bill surcharges, many companies have already factored in some expected oil hikes."
Miulang
Since Hawai'i is largely dependent on imported goods, you may start seeing increases in the cost of everything you buy because of the uncertainty in the Middle East.
"...As Israel battles Hezbollah forces in Lebanon, the U.S. economy is reacting, particularly the stock market and the price of oil. Local economists say Hawaii's pump prices don't have to go up because so much of our oil comes from Asia -- but they say retailers probably will at least try, and that trickles down to just about all goods and services...
"...The economic impact also affects the cost of doing business.
"We're in the restaurant business, and you can see it in the delivery surcharges, computer tech people are charging surcharges, $30 travel time, that kind of thing," Dickson said.
And just getting stuff to Hawaii in the first place becomes a little more expensive.
"The Matson containers that are coming in, bringing the goods in, they're passing on the charge to us," Dickson said.
Hawaii could see a slight lag before prices jump in response to the latest oil-barrel rates. As for airline, shipping or electric bill surcharges, many companies have already factored in some expected oil hikes."
Miulang
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