Generally, I am not into or don’t believe in conspiracies. On the subject of Helium I am a true believer of a conspiracy. I believe the Helium industry not the suppliers to most balloon companies are in cahoots.
Since I have been in the balloon decorating business for over 20 years, I think I have a clear understanding of the Helium industry.
When Congress authorized the privatization of the Helium Reserves there was a lot of questions on how this industry would be run. Fears and doubts the balloon industry would be treated fairly was a major concern. Some of our worst fears have been realized. Price gouging or fixing.
We have been lied to about Helium shortages, pipeline failures and plant upgrades. All in the name of excessive price increases by the Helium industry.
Last fall my supplier told me, we would have three price increases in the year 2013. The first being in March or April, I was stunned and surprised at how someone could know when they would increase their prices so far in advance.
The industry had a plan to increase their profits. Well folks they have done just that. Just like clock work the first price increase has been announced for March.
A whopping 37 per cent increase. No justification to the reason why the increase, just that it will take place.
Now as a small business owner, I can’t eat a 37 per cent price increase, so I am sorry to say, I will have to raise my prices beginning in March. I will try to continue my practice of being reasonably priced.
Naturally I won’t raise my prices 37 per cent, because Helium is just part of my supplies. But there will be increase for sure, I am not sure how much yet. Balloons by Absolute Value has always tried to be affordable and the best value in Denver for balloon decor. We will continue to strive to do that in the future.
Stay tuned as the Helium industry will surely have more price increases in the future.