Surging Energy Costs Split Companies Over Whether to Raise Prices Now

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Commercial semi-trucks drive down a multi-lane highway past a Shell gas station sign, framed by dry hills in Castaic, California.

Business owners face a thorny question: Are high energy costs a temporary nuisance, or an entrenched reality that calls for price hikes right now? The answers have important implications for the U.S. economy.

As the Federal Reserve weighs an interest-rate rise today, businesses are pulling their own economic levers. Some are holding their ground, betting price shocks will recede. Others believe energy and trade volatility are here to stay, leaving zero wiggle room to absorb the hit.

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