Saturday, August 2, 2008

High fuel prices impact travel industry

Bonnie Frost and her family got off the plane from New Jersey and found their rental car price had jumped as well.

"Yes, an extraordinary amount. Yes, much higher," says Frost.

Two hundred dollars more over five days, but at the end of a long flight what are you going to do?

"Just pay, just keep paying, know what I mean? Badda bing badda bing," says Calabresi.

Last July, Hertz stock was trading near $25 a share . Thursday it was $6.90. Is that why prices at the counter are going up? The company's public relations chief said that information wasn't available Thursday because department heads were taking a long holiday weekend.

The San Francisco Convention and Visitors Bureau reports high prices have not yet hurt the tourist industry here.



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