Pain at the pump for truck drivers as gas prices drop and diesel remains stagnant
Posted: Dec 13, 2014 12:24 AM CDT | Updated: Jul 28, 2016 5:26 PM CDT
Brian Johnson has been in the trucking business for 27-years.
\"If it's coming out of my pocket, it's real bad,\" said Johnson.
As the meter runs-- sometimes it costs nearly $800 to fill up a truck before a cross country trip, which raises some questions about the impact on businesses like the food industry.
\"We try to keep our price is in line with our competitors,\" said James Hyland, a spokesperson for Roundy's, \"and do everything we can to keep pricing as attractive to customers as possible.\"
Roundy's has 60 trucks in its fleet and 300 trailers to service more than 100 stores.
\"When you have a fleet like ours, you buy from distributors, you buy your fuel wholesale,\" said Hyland.
Buying diesel at a wholesale price helps the company keep costs down-- but economists say there's no question, that diesel prices can affect food prices.
\"The diesel prices are going to affect the overall transportation costs,\" said Dr. Kundan Kishur, with UWM's Economics Department.
If gas prices continue to decline-- economists say you can expect diesel prices to eventually decline as well.