by Tyler Durden
Monday, May 03, 2021 - 07:40 PM
The National Tank Truck Carriers (NTTC) industry trade group warns that a worsening semi-truck driver shortage may spark higher fuel prices and gas shortages this summer.
CNN reported that industry group said about a quarter of tanker trucks aren t on the road ahead of the busy summer driving season as there s a shortage in qualified drivers available. Before the pandemic, about 10% of the tanker trucks were idled for similar reasons. We ve been dealing with a driver shortage for a while, but the pandemic took that issue and metastasized it, said Ryan Streblow, the executive vice president of the NTTC. It certainly has grown exponentially.
Do any of you remember when you could buy an entire house for $35,000? There was a time in America when middle class Americans could buy a house and have it paid off in just a few years. But now existing home prices have soared into the stratosphere, and lumber prices are making it ridiculously expensive to build new homes. As you will see below, skyrocketing lumber prices have driven up the average price of a new home in the United States by almost $36,000 over the past 12 months. That is absolutely nuts, but everyone agrees that even more inflation is on the way.
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