While slide in crude oil in recent months has paved the way for a jittery stock market, Main Street businesses outside of the energy industry are benefiting from lower fuel prices — a key cost in operating smaller businesses.
With U.S. oil prices hovering around $30 a barrel, and prices at the gasoline pump continuing to plummet, small companies are seeing boosted bottom lines. The slide in crude oil prices come as small employers work to broaden the Main Street economy with more job creation after the recession.
Entrepreneur Josh York is a natural beneficiary of low gas prices, as his business is on wheels.
York is founder and CEO of Plainview, New York-based GYMGUYZ (as in "gym guys"), a fitness company that brings equipment and services to clients for onsite training in homes and other locations.