Rising Oil Costs Hit Nation's Truckers

Ad Feedback

With diesel prices well past $4 a gallon in most of the country, the nation's truck drivers have taken a hit.

Today, energy experts testified on Capitol Hill about how the price of fuel is taking profits away from truckers, even forcing some to lose their trucks.

Analysts say market uncertainty and high demand in developing countries are pushing energy prices through the roof.

"Unfortunately for the American economy and the American driver we ain't see nothing yet," said Tyson Slocum, director of Energy Program for Public Citizens. "I think prices are going to continue to escalate until we restore some transparency to these energy trading markets."

Today, the price of oil crossed $122 a barrel for the first time. One analyst at the hearing predicts it could rise to $200 before this year is over.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.