American Morning (CNN) snippet - 2008-06-09

Name: American Morning (CNN) snippet - 2008-06-09
Uploaded: 2026-02-22
Duration: 672 s
Channel: malgent
Description: Read a transcript preview of “American Morning (CNN) snippet - 2008-06-09” from malgent, uploaded on 2026-02-22.

Channel: malgent

Uploaded: 2026-02-22

Duration: PT672S

Read a transcript preview of “American Morning (CNN) snippet - 2008-06-09” from malgent, uploaded on 2026-02-22.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:01] Not just $4, but $42.

[0:05] That's how much it is per gallon this

[0:06] morning. But those high prices are

[0:08] taking a toll not just at the pump,

[0:10] pretty much everywhere.

[0:11] >> Alan Chernoff visited a popular deli on

[0:13] Long Island, New York, where high

[0:14] gasoline prices are hurting the owner

[0:16] and being passed on to customers.

[0:21] >> John Kira, it might seem that store

[0:23] owners who don't have to travel all that

[0:25] much aren't being hit too hard by

[0:27] soaring gas prices. But think again.

[0:30] They are definitely feeling the gas

[0:32] price squeeze.

[0:35] >> Delicatessan owner John Killerin is

[0:37] reminded of soaring gas prices every

[0:39] time he looks at his refrigerator cases

[0:42] because suppliers have been tacking on

[0:44] fuel search charges.

[0:45] >> It's expensive. You know, I mean, you

[0:47] get deliveries six, eight times a day,

[0:49] 10 times a day, $5 a piece.

[0:52] >> At the same time, some customers feeling

[0:54] the gas pinch are buying fewer salads

[0:57] and sandwiches. Those are things that I

[0:59] always used to buy that I don't buy

[1:01] anymore.

[1:04] >> Can't afford to.

[1:05] >> The deli held off on raising its prices,

[1:07] but when gas hit about 3.90 a gallon

[1:09] here, the owners say they had to raise

[1:12] sandwich prices up by 25 cents. More

[1:15] than 40% of small businesses in the

[1:17] Northeast have raised prices in the past

[1:20] 3 months, and more than a third in other

[1:22] regions of the country, according to the

[1:24] National Federation of Independent

[1:26] Business. profits are hurt unless they

[1:29] can pass these costs on in the form of

[1:31] higher prices.

[1:32] >> The Deli suppliers who haven't raised

[1:34] delivery prices yet say they're hurtin