As average U.S. gas prices move toward $5 per gallon and diesel zips toward $6, consumers are feeling the pain in their pocketbooks – and adjusting their spending. At the same time, supply chains are adjusting to ever-mounting fuel costs and passing along the pressure. In the latest episode of The Dairy Download, two experts weigh in on record volatility in oil, gas and diesel markets and let us know if relief is in sight.
First up is Matt Smith, Lead Oil Analyst – Americas with Kpler, which offers news, forecasts and analysis on commodity markets. While price swings aren’t new in oil markets, they are reaching unprecedented highs. How are Americans adapting to higher costs to fill up their tanks? And what should your strategy be when trading commodities? Smith weighs in.
Next, we speak with Craig Fuller, founder and CEO of FreightWaves, a supply chain intelligence platform. Spot trucking rates are easing, and more drivers are climbing behind the wheel. But rising prices at the pump are keeping shipping costs on the upswing. Fuller discusses the state of freight and how technology is shaping the industry of the future.
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