Will prices of fast food stores go down?

Question

With gas prices going up, less people will have enough money to stop at fast food places, so will they have to lower their prices to get business?

Answer 1

no i always have money for fast food.

Answer 2

I seriously doubt that any prices will go down for fast food.  I used to work for a fast food chain and anytime we raised our prices, we never lowered them again.  The high prices are staying.  Sorry.

Answer 3

Perhaps a bit, but the higher prices of fuel and other raw materials causes prices to go up for all businesses as well.  Remember, any change in the economy or in prices hits every person in the chain from the farmers to the factories to the shipping companies to the employees and the consumers.  As long as fuel costs and costs for corn (due to the significant amount of corn taken from food and animal feed stocks for government required ethanol use) needed to feed cattle where the meat and dairy comes from, all prices are going to rise for people to make a profit.

Answer 4

Between the higher prices of transporting their supplies and all of the disasters that have destroyed crops in our country this year it's unlikely, The new trend is to sell smaller quantities for the same price by advertising them as lower in calories

Answer 5

Nope!

Answer 6

if anything i think its going to go up...the economy is getting pretty bad

Answer 7

Everything will, by the end of july.

Answer 8

I don't think so. I think that it might go a little bit higher instead of going lower, because the bread price just increased a bit so if your going to a place like MacDonald it might slightly go up.

Answer 9

They'll continue to go up because the overhead expenses are rising. With lower sales the unit profits will decrease. They won't be selling the volume to make the same amount of profit.

Answer 10

You make a very good point and although their prices may not actually decrease I do think you will see them run more specials and add items to bargain menus.

Answer 11

i think their going up.

everything is.

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Answer 12

Doubt it. EVERYTHING is going to go up up up...  we need gas for everything. truck drivers are the ones getting the stuff to the restaurants,  they have to pay the higher gas (diesel) prices. they can't afford to lower prices anywhere until SOMEONE (president) does SOMETHING about these ridiculous gas prices.

Answer 13

Not really. They are offering specials more than usual though.

Answer 14

No because food prices are also going up. have you noticed the price on milk and eggs lately? the prices have double or maybe even tripled. the packages have gotten smaller and the prices are going up