May 19, 2022

Rising Gas Prices Effect On Transportation Industry

March 18, 2022

Rising Gas Prices Effect On Transportation Industry

[SLIDES] Rising Gas Prices Effect on Transportation Industry
[RECORDING] Rising Gas Prices Effect on Transportation Industry
David Cassazza and Philp Meneghini presented “Rising Gas Prices Effect on Transportation Industry” to┬ádiscuss the effect of inflation on the transportation industry.

In February, when Russia declared war against Ukraine, it affected multiple resources and pushed inflation higher globally. This war caused severe sanctions to isolate, causing the U.S. to participate in de-globalizing gas and oil exchanges with Russia. Since Russia is a top gas distributor, in March 2022, a global increase cost of gas occurred. The average price per tank increased by ten dollars per fill in less than one month in the U.S. The transportation industry has been battling high inflation concerns since 2020 and now has a new challenge with the uproar of gas prices.