High gas prices impact truck delivery leading to more inflation
We're all feeling the impact of high gas prices now above $5 a gallon, but for truck drivers, the pain is felt on a whole different level.
For independent trucker Ryan Hegarty, it's threatening his livelihood.
"I just got off the phone with my family. I'm probably only a couple of weeks away from going out of business honestly," Hegarty said as he was stopping for gas at a Hubbard truck stop, "It's really been tough. I mean I'm married with three kids."
An average semi-truck can cost up to $1,700 dollars to fill up. Now that diesel fuel is surpassing $5, it's on its way to double the cost it was a year ago.
"It costs me right now just a dollar and 20 cents to a dollar and 30 cents just a mile to drive my truck. That's what it costs me to drive per mile," he said.
This is costing truck drivers at least $3,000 dollars a week to deliver goods.
"As the prices increase, we have to pass it onto our customers which in turn passes it on to the shippers, and then their customers," truck driver Chas Wolbert said.
The impact these gas prices have on the trucking industry trickles right down to consumers. We're already dealing with inflation, but experts said you're people are going to see more increases week by week on grocery store items since it's costing more to deliver those products.
"You'll see things raised a couple of cents here and there on each individual item," Westminster Economist Robert Badowski said, "It doesn't seem like a whole lot for each individual item, but after you check out and you see what you bought, it all adds up."
Badowski said there seems to be no end in sight to the rise in fuel costs.