‘Very concerned. ‘ Rising fuel costs will slow hiring, local business leaders say

Fluctuations in fuel costs are affecting the local economy, making it harder for companies large and small to create new jobs, one local business leader said.

Wade’s Dairy boss Doug Wade said the volatile fuel market had made business owners “timid” about adding new jobs.

“I’m very concerned about what OPEC has just done with fuel prices,” Wade said, “because they’ve cut production, and it makes our leaders very concerned that they’re cutting when so many people are burdened with high costs. fuel costs, and businesses like mine suffered huge losses when fuel costs skyrocketed so high.”

Connecticut is lucky, Wade said, albeit compared to other parts of the country where fuel prices are much higher.

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