Semafor reports that Kelly Loeffler, head of the U.S. Small Business Administration, said the recent surge in gas prices should be viewed as a temporary but necessary step toward longer-term economic stability and growth.
Speaking at the Semafor World Economy 2026, Loeffler emphasized that while higher fuel costs are creating short-term pressure for businesses, particularly small enterprises, the disruption is expected to be temporary. She framed the increase as part of a broader adjustment that could lead to lower, more stable prices over time.
“This is going to be a temporary disruption,” Loeffler noted, pointing to a longer-term trend of declining prices and increased economic certainty. She added that reducing volatility is especially important for small businesses, which are more sensitive to unpredictable cost swings.
Loeffler also highlighted positive economic signals, including several consecutive months of expansion in manufacturing activity. She noted that small businesses—particularly manufacturers, which make up the vast majority of the sector—stand to benefit from sustained economic growth and improved stability.
While rising gas prices are increasing operating costs in the near term, the SBA’s outlook suggests that these pressures may be part of a broader transition toward a more stable and predictable economic environment. For small businesses, the key challenge will be managing short-term cost increases while positioning for longer-term growth opportunities.
Overall, the message reflects cautious optimism: near-term disruption is real, but policymakers see it as a step toward a more stable and supportive economic landscape for small businesses.