A truck driver shortage could pose a threat to gas industry

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A truck driver shortage could pose a threat to gas industry

The lack of truck driver in the U.S. could potentially pose a threat to the gas industry, according to OPISOPIS Energy Analysis Global Head Tom Kloza

On Wednesday, Kloza informed FOX Business Mornings with Maria that the lack of drivers may cause gas stations to scramble to meet supply demand.

According to AAA, drivers are paying around $2.88 per gallon for gas, but prices could increase further throughout the summer if the truck driver shortage continues nationwide.

The comments of the OPIS analyst follow the heels of Florida experiencing Gas shortages during Spring Break this year when retailers struggled to get trucks to deliver gasoline from the terminals to stations.Kloza is worried that the shortage could persist nationwide until Labor Day.

The trucking industry attributes some of the shortage to the amount of time it takes for a commercial driver's license to get a license.While this has continued during the past few years, the coronavirus pandemic only prolonged the delays, with some licenses even taking up to six months to acquire.

Moreover, it is predicted that the lack of drivers will only become worse as more retire.

Kloza opined that this crazy behavior could lead to more consumers stockpiling toilet paper and gasoline, like in the early days of the pandemic.

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