Owner of Fort Worth Trucking Company Braces for Higher Diesel Prices

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The owner and CEO of a Fort Worth-based trucking company is closely watching the Russia-Ukraine tensions and the impact it'll have on his company.

“We’re the largest oil and gas transporter in the US,” said Jim Grundy, CEO and owner of SISU Energy LLC. “You have a shortage of employees, a shortage of product, and a shortage of truckers." said Grundy."It’s like the perfect storm right now. Add in an oil and gas quandary that’s global."

Grundy says the Russia-Ukraine crisis will have an economic impact on transporting products to stores and groceries, and customers will see prices at the pump increase. “If that flares up in the next 72 hours, you’re going to see gasoline up 20% probably overnight, and oil prices up behind it,” said Grundy

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines