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The fuel oil price increased almost 60% and many local homes are heated by oil.
"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
"The equity investors have become a lot more conservative," said Entrepreneurship Foundation President Mike Roer.
Fairfield County-based business leaders were not concerned that the Dow Jones' 1,175-point drop on Feb. 5 was the harbinger of bad tidings.
“Anecdotally, I still hear complaints from small businesses that they still have trouble accessing capital,” said CBIA President Joe Brennan.
Stratford resident Reem AlAttas' Rumble Helmet won a pair of awards at a recent CTNext competition, while another invention has drawn interest from IBM.