High gas prices prompt moving companies to raise prices
As gas and diesel prices continue to rise, moving companies are passsing costs onto customers.
LAS VEGAS — Planning a move soon? Expect to pay a lot more.
With gasoline and diesel prices at all-time highs, some moving companies are passing the cost onto their customers.
It’s going to cost a pretty penny to move with $5-per-gallon fuel prices.
Some moving companies can’t absorb the high costs any longer, and they’re either raising rates or turning down jobs altogether.
SURGE IN GAS PRICES SIGNALS 'INFLATION BOMB': EXPERT
At $5 a gallon, a semitrailer moving truck can cost up to $1,500 for a single fill-up.
"We go through about 1,000 to 1,200 gallons of fuel a day between our whole operation," said Tom Dadon, owner of Triple 7 Movers in Las Vegas. "So every 15-, 20-cent increase in fuel prices causes a massive increase for our bottom line."
The high fuel prices are forcing companies like Triple 7 Movers to adjust their operations.
"We’ve had numerous rounds of price increases in the last two years. I would say an average out-of-state move has probably doubled in the last two years since COVID," Dadon said.
Triple 7 Movers serves a lot of California customers and may reconsider some out-of-state jobs.