For the first time, national headlines are addressing the
often-ignored story of how soaring diesel prices affect small-business trucking
and other sectors of the economy.
For example, several reports released Sept. 28 featured
comments from OOIDA’s Executive Vice President Todd Spencer.
In one, Spencer said high diesel prices ruin small trucking
firms. “For every 10-cent increase in diesel fuel prices, 1,000 small trucking
companies go under, and the trucking industry is principally small truckers,” he said.
Meanwhile, the Owner-Operator Independent Drivers
Association is urging its members to contact their representatives in Congress
to seek relief.
All the while, speculation on television and in mainstream
metro newspapers offers reasons behind the crisis.
Analysts Sept. 28 said instability in the Middle East;
political unrest in Nigeria, Africa’s top oil exporter; and the Caribbean’s
hurricanes were keeping traders on edge about world supplies.