Rising Gas, Diesel & Oil Prices and The Next Energy Crisis
October 25, 2022
Are we going into another energy crisis? The USA’s fuel reserves are now at a 50-year low as OPEC announces production cuts and the Russian Invasion is causing a gas and energy shortage across Europe and Great Britain. It’s also been decades since a new oil refinery has been built in the USA. All of these factors lead us to fear that an energy crisis with gas shortages and fuel lines could soon be looming. Bob Costello, chief economist with the American Trucking Associations, guides us through these widespread issues as we look at diesel prices into the fall and winter.