Episode Transcript
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0:08
This is America's Trucking Network with Kevin Gordon. Welcome aboard. Thanks for tuning
0:15
in as this Tuesday fades on into Wednesday morning, which is, by the
0:20
way, Independence Day Eve. I hope everybody is safe out there. I
0:26
hope everybody is having a good morning. I always try to remind everybody,
0:30
and you know it's four wheelers as well as my friends in the trucking industry
0:34
that again, when you go into a holiday weekend, when you have a
0:37
lot of people on the road, you have a lot of people that aren't
0:40
used to being out on the road, kind of the rookies, if you
0:43
will, they're not used to being doing long distance traveling. So be safe
0:48
out there, make sure that you're paying attention to what's going on. Now.
0:52
You know TRIPLEA they come out every year and when there's a holiday or
0:57
something, they come up with a forecast and so on. And we haven't
1:00
had a chance to talk about it, but they had come up with an
1:03
estimate that they are projecting about seventy point nine million travelers will be heading fifty
1:10
miles or more from home over the Independence Day holiday, and as opposed to
1:15
most years, what they do is they'll go out a couple of days before
1:19
the holiday and then a few days afterwards and generally encompass one of the weekends
1:25
that is there. But this time around, what they have done is they
1:29
actually began the holiday weekend last Saturday. I believe that it's going to be
1:36
doing the estimates over what is actually a nine day period of time. For
1:41
this forecast Independence Holiday travel period is defined as the nine day period from Saturday,
1:47
June to twenty ninth until Sunday, July seventh. So this is the
1:52
first time in a number of years I think they said in a long time
1:56
that they are actually doing the travel season or the travel Independence Holiday travel period
2:02
over a nine day period of time, encompassing two full weekends. So I
2:08
think some of the numbers that they are forecasting and the actual amounts of people
2:15
that they're forecasting might be a little skewed as a result of that. When
2:20
you're doing comparisons, you generally know when you're doing comparisons, if you're talking
2:24
about a four day period of time, you want to compare that with a
2:27
four day period of time. If you're comparing something to a five day period
2:30
of time, and then you've got nine days comparing to that, that's going
2:35
to be a different scenario altogether. So I think maybe some of their forecasts
2:38
are a little bit higher. We'll see. I have not seen a whole
2:43
lot of stories about a lot of heavy traffic, at least in the tri
2:47
state area where I live greater since saying northern Kentucky area. But we'll see
2:53
how this all pans out. Again, they're talking about a number of people,
2:57
seventy point nine million travelers we'll head fifty miles or more from home over
3:01
the Independence holiday. Plus let me see for the first time, Triple A
3:07
look to the entire July fourth week plus the Saturday before. In the Sunday
3:12
after, they go on to explain for the period, it is expected to
3:15
be a five percent increase compared to twenty twenty three, and an eight point
3:21
eight percent increase over twenty nineteen. So we're back to pre pandemic periods.
3:28
Paula twit Ale, Senior vice president of Triple A. With summer vacations in
3:34
full swing and the flexibility of remote work, more Americans are taking extended trips
3:38
around Independence Day. We anticipate the fourth of July weekend will be the busiest
3:43
ever, with an additional five point seven million people traveling compared to twenty nineteen.
3:49
Now they give the numbers for air and other travel. Those all look
3:53
like they're going to be up. Look like they're going to be up,
3:55
in some cases, actually double digits. As far as air travel. From
4:00
the twenty nineteen period of time, TRIPAA projects a record sixty point six million
4:05
people will travel by car over the Independence Day week. That's an additional two
4:11
point eight million travelers compared to last year. That year's number also surpassed twenty
4:16
nineteen one fifty five point three million people traveled. And then they start talking
4:21
about air travel and so on. Interesting enough, they throw in here that
4:28
gas prices are lower than last year, when the national average was three dollars
4:32
and fifty three cents, well as of today national average for gasoline prices.
4:39
I mean, technically they're right, but current average nationwide right now is three
4:46
dollars and fifty cents. So I'm not so sure that i'd be calling that,
4:49
Well, you know, gas prices are lower than last year, slightly
4:53
lower, Maybe I might go into that scenario. And of course they talk
4:58
in terms here as far as the best times to travel and the worst times
5:02
to travel. Of course, you know the worst times to travel is going
5:06
to be the normal business hours business days. Generally, the best times to
5:10
travel is before noon and then after seven seven pm that is, and those
5:16
are generally when the high traffic volume from commuters and people that live in the
5:20
area that may be working still are on the road. They also talk in
5:25
terms of the number of destinations as far as best and worst, or not
5:30
best and worse, but destinations that they anticipate that are going to be hot
5:36
areas. And it's interesting to see how this has shifted over the last few
5:43
years. July fourth weekend, or as I call it, Independence Day,
5:47
travelers are cooling off Pacific Northwest and Alaska and by the ocean Seattle, Vancouver,
5:55
Anchorage or top destinations because of the popularity of Alaska cruises at this time
6:00
of the year. Beaches of South Florida, Honolulu, punt To Cana,
6:04
Barcelona are in high demand. Historical sites in European cities like London, Rome,
6:10
Dublin, Paris, and Athens are also popular. As far as domestic
6:14
travel, they're talking about Seattle, Orlando, Anchorage, Alaska, Honolulu,
6:19
Miami, New York, Fort Lauderdale, Las Vegas, and Denver and Anaheim,
6:26
California. So again, if you're going to be out on the highway,
6:30
and especially truckers out there, you know you're going to have some people
6:33
out there that aren't all that familiar with the road. And how many people
6:38
are on along those highways that haven't been on there for a while, maybe
6:43
since their last vacation or something along those lines. So you want to make
6:47
sure that you're aware that there are going to be new people out there and
6:50
of course a little bit more congestion. And to the four wheelers out there,
6:56
let's remember the caution and the safety habits on the road. Don't get
7:00
in truckers blind spots, give them plenty of space to stop, don't cut
7:05
them off, don't stop suddenly in front of them. If you're going to
7:09
pass them, make sure you're completely past them before you cut over. Because
7:13
it takes a lot walk much more distance for an eighteen wheeler to slow down
7:16
than it takes you to slow down. So be aware that you need to
7:19
share the road with the truckers out there, because you're the one that is
7:25
out there that is unusually on the highway at this point, in time.
7:30
We did see some we'll get into this a little bit. We did see
7:32
some comments from was we talked about yesterday, the Federal Reserve chairman Jerome Powell.
7:39
Apparently he is in what a great gig you know, you get in
7:44
these governmental positions, you get into well, it's a quasi governmental agency,
7:48
so it's not actually a federal government agency, but it all has the trappings
7:53
of it. It's a non governmental entity and so on. But isn't it
7:58
great that some of the these people like Jerome Powell are traveling to destinations to
8:05
give speeches, and of course as they're traveling and their entourage and their security,
8:13
they're not experiencing what you and I are experiencing. They have their travel
8:18
plans taken care of, their bags are handled, They don't have to worry
8:22
about a thing. All they got to do is show up, be chauffeured, and go on. And I think to a large extent, this puts
8:30
them in a position of where they are out of touch, so that when
8:35
they're talking about fiscal policies and job cuts, or they're talking about inflation rates,
8:41
they forget that behind that are individuals that are struggling with the economy.
8:48
People when they start doing job cuts, that's cutting individuals. People are losing
8:54
their livelihood. And I just the way they talk about the the market.
9:01
They talk about the job market, and when they talk about the inflation,
9:05
it almost seems like it doesn't affect people. It's almost like they're talking in
9:09
theory. And we'll get to those comments coming up. I'm Kevin Gordon,
9:13
America's truck in Network seven hundred WLW. I need. This is the wreathing
9:20
reward on America's Drunking Network on seven hundred WLW. The ally four hundred at
9:26
Nashville super Speedway was a record setter on Sunday. More from Bob Pokers of
9:30
Fox Sports. Five overtimes, that's right, five overtimes here at Nashville Super
9:35
Speedway before NASCAR could finally get a winner. Joey Logano a little bit of
9:41
an upset. He wasn't up front all day. But everybody running out of
9:43
gas, running a gas wreck, wreck, run a gas run, a
9:48
gas What a night here at Nashville. I'm sure there'll be some who will
9:52
say, maybe should nascars look at capping the number of overtimes? You know,
9:58
there was time I believe when it was three to prevent just the race
10:01
from going on and on, and you know, people run out of fuel,
10:05
and then you have these situations on restarts like you did with Kyle Larson
10:09
running out of fuel and get collects. Kyle Busch, Kyle Larson even say
10:13
you hoped it didn't look to amateurish. But I'm okay with just going as
10:18
many times as you can. You want to have a winner. You don't
10:22
want the race to end under caution if you can at all help it. You know, I think most of those cautions were cautions, right. You
10:26
had a lot get cars with heavy damage, high speed track. You want
10:31
to get safety equipment out there. You don't want everybody else running into those
10:35
cars. I would rather have this than just say, after a third caution,
10:39
oh well, you know, Denny Hamlin wins or whoever wins. People
10:43
come here to see a race. People tune in to see a race,
10:48
and sometimes you're gonna have a little bit of craziness or maybe a lot of
10:52
bit of craziness. Also a NASCAR news, the Sports Business Journal reports a
10:56
Wood Brothers racing as close to signing driver Josh for the twenty twenty five Cup
11:01
series season. Barry is currently with Stuart Haas and is sent to join the
11:05
historic number twenty one to fourteen pending final negotiations. I mean this is the
11:11
racing reboard on America's drug A Network on seven hundred WLW, say Dennis,
11:16
and atn W l W, we're talking about Federal Fed Chairman Jerome Powell,
11:22
who is traveling and giving a speech. He's actually in Portugal. Yeah,
11:30
what in that? Nice? Federal Reserve Chairman Powell said he is pleased with
11:33
the lower inflation that he's seeing and as it has rebounded from the beginning of
11:43
the year when inflation appeared to be getting out of control. Inflation in the
11:46
United States is slowing after high readings earlier in the year, Federal Reserve Chairman
11:50
Powell said Tuesday, while adding that more such evidence would be needed before the
11:54
Federal the FED could cut interest rates. Speaking in a handled discussion at the
12:01
European Central Banks Monetary Policy Conference in CenTra, Portugal, Powell said the federal
12:07
officials of the Fed officials still want to see annual price growth slow further towards
12:13
that two percent target before they could feel confident of having fully defeated high inflation.
12:20
Powell said that data from April to May do suggest we are getting back
12:26
on a this inflationary path. Now, a lot of people are interpreting what
12:33
he's saying as to looking forward to interest rate cuts in September. And before
12:39
everybody gets the happy talk there, the FETIS said and continues to say that
12:45
they want to see a sustainable decrease in inflation month after month over several or
12:52
a few months. Now, May and April and May may seem good,
12:58
but we're going to have June coming out, and of course in the meantime,
13:01
we're going to have some information coming out as far as July is concerned.
13:05
Now, the FED isn't set to meet until later on this month,
13:09
and so I guess they'll be taking a little bit more, uh, you
13:13
know, analysis as far as what's happening in the economy. But I think
13:16
people expecting or even thinking that they're going to be interest rate cuts in September
13:22
are really are really doing a disservice to anybody that they're talking to that this
13:26
is going to happen. And the further this gets in the in the year,
13:30
they're going to have to balance this off as to whether or not. They're going to appear as though that they're kind of interfering with the election because
13:37
interest rates would, would you know, be good news, and the closer
13:43
that gets to the election, it's going to have more political overtones than actual
13:46
sound economic policy. Now in this they talk about that. In his comments
13:54
during his speech, he mentioned we've made a lot of progress, he says
13:58
at other times significant progress, real progress, and quite a bit of progress
14:05
towards cooler inflation and a stable growth. So as he's giving this speech and
14:11
talking about what he expects, he's asked certain questions and he avoids actually pinning
14:18
down anything as far as what he is going to do or what the FED
14:22
is leaning towards as far as cutting interest rates. And I'm looking at and
14:26
it's interesting the way different news agencies tend to look at these numbers or look
14:33
at the same story and the interpretation. Wall Street Journals their headline said,
14:39
Jerome fed's Jerome Powell turns dial toward interest rate cut. Later this year,
14:46
the AP is reporting Fedchair Jerome Powell US inflation is cooling again, though it
14:52
isn't time to cut rates. Though it isn't time yet to cut rates.
14:56
So the story from the AP seems to be a little bit more optimistic in
15:01
terms of when they think the interest rates will be cutting. And you know,
15:05
this is extremely important. You know, as long as the interest rates
15:11
are high, there is not going to be and people are thinking that may
15:16
come down. A lot of people are second guessing whether they're going to be
15:18
doing expansions where they want to take on debt, whether or not they want
15:24
to build buy more equipment, whether they want to make an acquisition of a
15:28
competitor, a merger and acquisition activities on hold a little bit. People are
15:33
gearing back or stepping back a little bit in the construction industry because if borrowing
15:37
costs are high, then the prices are going to be more expensive, and
15:43
that drives up inflation. And so with the fact that the inflation not coming
15:48
down and no clear sight as to when interest rate cuts are coming, if
15:54
in fact they're coming, that is kind of having a slow grind or a
16:00
stuck in the mud type of situation as far as the economy is concerned.
16:04
If they were a little bit more and of course they talk in here about
16:10
that they're walking a tight rope between keeping the interest rates high, which again
16:18
pushes back or holds back growth. But if they cut interest rates, then
16:26
that could lead to additional spending and higher inflation. And one of the things
16:32
they're concerned about is that if the inflation grows up fast, then they're going
16:37
to have to make drastic interest rate increases again in order to brain that in.
16:41
And so and as we've seen, and as I've talked about on this
16:45
program in numerous times, that according to a lot of economic experts, that
16:51
when interest rates are cut, or interest rates or raised, it takes about
16:57
two years before or the full effects of that take place. So if in
17:03
their analysis or in his discussion with the European Central Bank, that if they
17:08
were to cut interest rates too soon and inflation were to rise rapidly or at
17:15
least moderately, even then they would have to be forced to come in and
17:19
cut interest rates even more drastically, which would then lead to more of a
17:26
recession. Because again, this tight rope between you don't want to you want
17:30
to cool the if you want to cool the economy down, but you don't
17:33
want to tip it into a recession, and you don't want it to get
17:40
too bad that people spur, you know, hold back growth, don't continue
17:45
to grow their businesses and that we wind up in what they call stagflation.
17:49
So uh, it's it's an interesting dynamic with what they're talking about. But
17:55
again I want to caution everybody, or I want to you know, I'm
17:59
holding to my prediction. I don't think there're going to be any interest rate
18:03
cuts until after September, maybe towards the end of the year, but I
18:07
don't see it. And like I said, I would be very suspicious if
18:14
interest rates were cut sometime in October or November before the election. So it'll
18:22
be interesting to see. But again, the FED met meets later this month,
18:26
and there's going to be a whole lot of new economic data. We're
18:30
gonna have jobs numbers on Friday and that we'll be talking about on Tuesday because
18:34
we do the show Thursday into Friday, so we'll see some of those reports,
18:38
and there'll be other reports between now and the end of July which could
18:42
change things considerably as far as the Fed is concerned, and what they're thinking
18:47
is in terms of going forward as far as interest rates are concerned. So
18:52
coming up, we're going to be talking about oil and gas prices, and
18:55
also I want to talk about also some interesting information as far as what is
19:02
going on in the oil and gas markets, and if we have time,
19:07
I want to touch a little bit on some of these stories. I'm seeing
19:10
more and more stories that are coming out of people having issues with their evs
19:15
where they're not as how should we say what was promised, what they had
19:22
anticipated, what happened, and what they are experiencing as far as owning an
19:26
EV. So we'll try to get to all that in a little bit more
19:30
here on America's struck In Network. I'm Kevin Gordon, seven hundred w l
19:36
W. Here's your trucking forecast for the Try State and the rest of the
19:41
country and the Try State over night, mostly clear, the load dropping to
19:45
seventy four. Mostly Sunday Wednesday, with a chance of showers and storms in
19:48
the afternoon and high of ninety one. Heat index values near one hundred.
19:52
Cloudy for your Fourth of July, with showers impossible storms in the morning,
19:55
than a chance of showers and storms into the afternoon and high of eighty eight.
19:59
Most mady, with showers and storms Friday, a high of eighty seven.
20:03
Nationally, a dangerous heat wave continuing across parts of the southwest into California,
20:07
and from the southern plains into the South. Heavy rain, flash funding
20:11
and severe storms possible over the next few days across portions of the plains,
20:15
lower Mississippi Valley and middle to upper Mississippi Valley seven hundred WLW. I'm Kevin
20:22
Gordon. This is America has struck a network. Let's take a look at
20:26
oil and gas prices, because yesterday was kind of an interesting day. Was
20:29
one of those days where I talk about that when I look up at the
20:33
gas prices and oil prices first thing in the morning just to kind of get
20:37
a fuel gas prices don't really well. They do vary a little bit during
20:40
the day and sometimes tremendously depending upon oil prices and so on. But generally
20:45
what I do is I look at the oil prices a couple of times during
20:48
the day just to kind of get a feel as how they are transitioning.
20:52
And once again I repeat the fact that in the morning sometimes you will see
20:56
oil prices being at one rate, and then all of a sudden they start
21:00
flipping and going in a different direction, and then other news comes about and
21:06
it flips back back in the other direction. And today again was one of
21:10
those days where some of the news that they were expecting didn't transpire, and
21:14
so then it changed the oil dynamic a little bit. West Texas Center Media
21:18
crude currently is at eighty two dollars and ninety seven cents a barrel. That
21:23
is down forty one cents a barrel, or zero point four to nine percent.
21:27
Brent crude is at eighty six dollars and thirty nine cents, that is
21:30
down twenty one cents a barrel, or zero point twenty four percent. Now,
21:36
crude oil falls as hurricane barrel fears fade. If you notice at the
21:42
beginning of the show, I said Tuesday fading into Wednesday, trying to be
21:45
a little clever there. Brent crude in US West Texas and Media Crude closed
21:52
down on Tuesday as fear of supply disruptions caused by hurricane Barrel faded throughout the
21:57
day on Tuesday. Earlier in the on Monday, on Monday, West Texas
22:03
Center Intermediate crude rows and so on. They talked about that, and then
22:07
as they started looking at the going into Tuesday as far as the oil rigs
22:14
and what the hurricane might be doing to that, they started factoring that in
22:18
in terms of supply disruption, but as it turned out, the hurricane is
22:23
moving below those areas and those rigs in the golf are not in its path.
22:30
Both let me see both. Benchmarks gained about two percent the previous session,
22:36
according to our friend Phil Flynn with Price Analyst and analysts with Price Futures
22:40
Group. But as new forecasts emerged on Monday and Tuesday, traders were less
22:45
fearful of supply problems. Markets came to the realization that Beryl is not going
22:52
to shut down any major amounts of offshore oil production. Flynn said, we
22:57
may see some shut but it's going to have a minimal impact on platforms.
23:03
Hurricane Barrel is a dangerous Category five hurricane tearing through the Caribbean Sea. Is
23:07
expected to have weakened to a tropical storm by the time it enters the Gulf
23:12
of Mexico later this week, according to the US National Hurricane Center. John
23:18
Kildoff, partner with Again Capital LLC. We dodged a bullet on Barrel,
23:25
which is the name of the hurricane, but there definitely is an understanding that
23:30
any storm that develops in the Gulf is going to be a big one,
23:33
so that kind of affected the oil prices. Actually, you know, oil
23:37
prices went up about a buck yesterday and then came back down as the worries
23:44
faded. Is terms of the path of this particular storm now going into this
23:48
Independence weekend, taking a look at gasoline prices, currently, gas nationwide average
23:55
for gasoline is at three dollars and fifty cents a barrel or fifty cents a
23:59
gallon, and that's kind of creeping up a little bit. And a lot
24:03
of these experts are saying that they would expect gas prices kind of trickle down
24:07
a little bit, but I see them trickling up. When you compare that
24:12
we were at three dollars and fifty cents a gallon and a year ago we
24:17
were at three dollars and fifty three cents fifty four cents a gallon, we're
24:21
not really seeing much of an improvement. And even with high gas prices from
24:25
last year, it's kind of like this. It's kind of like people have
24:29
gotten used to this, and people are not bothered by the high gasoline prices
24:34
as much as they should be. But I want to remind everybody but that
24:38
when we were looking at twenty twenty, we were paying a dollar twenty three
24:42
when we had a decent energy policy. Back in twenty twenty, we had
24:45
a decent energy policy. We're energy independent for the first time since nineteen forty
24:51
nine. We were paying two dollars and twenty seven cents a gallon back then.
24:55
We're paying fifty four percent more per gallon than we were back then.
25:00
Looking at diesel prices, we currently are at three dollars and eighty two cents
25:03
nationwide. That is down about three cents from a year ago. But again
25:07
when you compare that back to twenty twenty, when diesel prices were at two
25:11
dollars and forty four cents a gallon, we are paying a dollar thirty eight
25:15
more per gallon, or fifty seven percent higher nationwide. The highest gasoline price
25:22
continues to be in California, with two four dollars and seventy nine cents.
25:29
Now California is extremely much higher than any place else in the country. And
25:33
as a matter of fact, I saw that they had passed some additional taxes
25:37
that is going to increase these gas prices, and I would expect to see
25:41
these jumping about twenty cents a gallon over the next couple of days because those
25:45
laws just went into effect. The lowest gas price in the current and the
25:49
country currently for the state of Mississippi at two dollars and ninety six cents,
25:55
We're talking about almost a dollar eighty three cents. It's more per gallon from
26:00
Mississippi to California. That is incredible. And when you look at before this
26:07
tax went into effect in California, about a dollar twenty one of that difference
26:12
is taxes that California puts on their gasoline in various forms, whether it's sales
26:18
tax or tank taxes or French you know, different taxes to the service stations
26:25
and so on. In my neighborhood, I apologize for my scratchy voice.
26:29
All of a sudden, I've got a little bit of frog in the throat today. I don't know what's going on there, But in my neighborhood,
26:33
gasoline prices currently are at three dollars and nineteen cents. That is up about
26:38
five cents from yesterday, and it is actually looking at my county gas is
26:47
you can be buying it between three dollars and nineteen cents and three dollars and
26:51
forty nine cents a gallon. Diesel in my neighborhood is in my county,
26:56
diesel is currently at three dollars and twenty two cents, which is down about
27:00
seven cents, or to a range of up to as high as three dollars
27:03
and sixty nine cents. And that's why I say it's you need to,
27:10
you know, kind of check around plan where you're going to be buying your
27:14
gasoline. Now, if you have a favorite gasoline station, then you know,
27:17
more power to you. But if you're like me, I generally shop
27:22
around to find out where the gas is the cheapest. We do have what
27:26
we call Kroger fuel points, and we get up to a dollar off a
27:32
gallon if you've accumulated enough points, and so I try to accumulate enough points
27:37
by savings and so on by the end of the month that we can get
27:40
a dollar off a gallon. So but it's still you need to look around
27:45
and see where the best prices are and take advantage of that, because in
27:51
no sense paying more for gas than what you have to. It's already extremely
27:56
high. It's already much higher than what it was four years ago, back
28:00
in twenty twenty, and it's still around what it was this time last year,
28:04
so we're not seeing any major breaks as far as our fuel costs or
28:10
concerned, or as far as gasoline prices are coming up. I want to
28:14
talk a little bit about and again, people that are traveling this may have
28:18
something as far as your concern and I'll be interested to see if anybody talks
28:23
about this after being out on a vacation or an extended a trip this Independence
28:29
Day weekend, this nine day period that is being measured to see what people
28:33
talk about if in fact they are taking their evs on the road, and
28:37
what their thoughts are by taking long trips on those over extended period of time
28:41
like this, because in one instances, I saw a story the other day
28:45
talking about a fellow charging an EV and he was extremely shocked by how much
28:52
it was in comparison. We'll talk about that. I'm Kevin Gordon, America
28:56
struck In Network seven hundred WLW our iHeart Radio Music Festival visited by Capital on
29:03
coming back to Las Vegas to say, is America's Trucking Network seven hundred a
29:15
WLW. I'm Kevin Gordon. Thanks for being with us. Certainly appreciate it.
29:19
By the way, if you miss any part of the program, or
29:22
if you miss any of our previous programs and want to catch up, make
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sure you hit up that iHeartRadio app. Find seven hundred WW in that app,
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scroll through the various shows, find America's Trucking Network. Everything is right
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there, right for you at your fingertips. And of course that's brought to
29:38
you by our friends at Rush Truck Centers. And I certainly appreciate that the
29:44
story caught my eye the title of it. I charged akia EV nine for
29:48
the first time, and it was more expensive than filling up my gas powered
29:55
car. Now, I bring this up for the fact that you know,
29:57
there are going to be a lot of people, according to to Triple A
30:00
and according to some of the experts, that are going to be out traveling.
30:03
And it'll be interesting to see how many people go out on the road
30:07
taking their EV on a family vacation or something like that. A lot of
30:11
people that I talk to, or a lot of people that I hear they
30:14
may have an EV, or if they have an EV, they usually use
30:18
it for trips around the neighborhood, grocery shopping, not any extended trip,
30:23
but maybe back and forth from work or taking the kids to soccer practice or
30:29
whatever their errands around the neighborhood. But as far as long range trips,
30:33
where they're going to have to go and then plan where they can stop,
30:37
how they can stop, how many times it can stop. A lot of
30:41
people aren't doing that, and so it'll be interesting to see if people do
30:45
that, they what they encounter, and see if any of those stories come
30:49
out. According to this individual, he said, it turns out to cost
30:53
more to charge an EV than filling my gas powered car. After test driving
30:59
the key EVGT line all wheel drive for a week, I managed to get
31:04
the charge level low enough to warrant a visit to a charging station. Usually
31:10
I would charge at home, but I was nowhere close, so a pitstop
31:14
was necessary. Using the built in navigation of the k EV nine to direct
31:21
me to the nearest EV charging station, I proceeded to download the charge point
31:25
app and pay for the charging. Everything went smoothly until I unplugged the charger
31:30
from the vehicle, only to see how much I ended up paying for the
31:33
charge at the in the app. The total ended up coming to forty six
31:38
dollars, which is more than the cost of filling up the thirteen point two
31:42
gallon gas tank in my Corolla. Something I didn't doesn't add up right,
31:48
How would charging an electric vehicle cost more than filling up a car with gasoline
31:52
charging? And so on? Now he updated the story. And what was
31:56
interesting is that in the comments section, a lot of people and I don't
32:01
know if they were actually experiencing that or going on the talking points that are
32:07
done by people who are pushing evs, it says they were saying stuff like,
32:12
well, just filling it up one time doesn't give you an indication.
32:15
You've got to stretch that over a longer period of time in terms of the
32:20
actual cost of ownership over the period of time of owning that vehicle. And
32:23
this is not a fair comparison. Well, I mean, if you're,
32:28
in my opinion, if you're trying to adjudge, and if let's say you're
32:31
going on a vacation or you're going somewhere, and as a lot of people
32:36
do, they will rent a car that they're thinking of owning or purchasing if
32:40
they're in the market to purchase a car. See how that operates, See
32:45
what it's like on handling, how it drives, the vision being able to
32:50
any blind spots or anything along that line and just the comfort level, and
32:54
then from there they may proceed to go ahead and buy that particular car.
32:59
But if they rent a car and it's a real pain and they don't like
33:02
it, which I have to tell you a couple of times over the last
33:07
couple of years, I've rented some cars that I thought were pretty cool,
33:10
that I thought were going to be a lot of fun to drive, and
33:13
that might anticipate purchasing those. When I decided to get rid of my two
33:16
thousand Cameray l E. My two thousand Cameray actually displeased or shocked at to
33:25
how different they rode or the actually the site lines and blind spots that were
33:32
on these cars that I hadn't had for well the sixteen mass almost twenty years
33:38
that I've that i've owned that car. So it's interesting. But in his
33:44
update, he said, I want to take as he says, I want
33:49
you to take explain why this shock Using the Kia tele Rude as an example,
33:53
Knowing that forty six dollars cost of charging gave back one hundred and eighty
33:59
miles of range to the EV nine, the better comparison would be to know
34:04
how much it would cost for the Kia Teller Rude all wheel drive to presumably
34:08
get the same range. It has an eighteen point eight gallon gas tank,
34:14
and when you factor in the abysmal combined twenty miles per gallon fuel economy,
34:19
it would take filling up nine gallons of gas to reach the same one hundred
34:23
and eighty miles that he was able to add to the charge or to the
34:28
battery on the EV that he was testing with regular unleaded gas. My closest
34:32
gas station is at three point thirty one at the time of the writing of
34:37
this. It would have cost just under thirty dollars for the Teller Ride to
34:40
presumably visit to get one hundred and eighty miles. Now, he does mention
34:45
the fact that these EV's that if you're charging them at home, you can
34:51
you save a lot of money because you're not charging the not being charged for
34:55
the charging station. The people that put those chargings stations there have to cover
35:00
their overhead, They have to make sure that they're built and then say maybe
35:07
safe areas or so on, So they're going to want to run a profit
35:09
off that. Much like if you're going to a gas station and so so
35:14
he talks about the rate is critical for EV drivers to know because the same
35:20
amount charging during off peak hours twelve am to seven fifty nine am, the
35:27
rate becomes significantly lower. Instead of the shocking forty six costs, it would
35:32
have come to a little over thirty five dollars. And he's comparison comparing then
35:37
to when he went to the EV charging station, charged that during peak hours
35:43
at a public facility, and then as opposed to charging that at home during
35:47
the off peak hours. Now, if you're you know, in terms of
35:53
timing as far as driving, I think it would be a little inconvenient.
36:00
I think it would be a lott inconvenient for somebody like me that you're out
36:04
driving and you always constantly have to be worrying about, well, where is
36:07
there a charging station? And if I'm out and about and I want to
36:12
drive a little bit further, then oh, wait a minute, maybe I'll
36:15
be out of the range. Maybe I'll have to go to a public station and charge there during peak hours as opposed to coming back home and peak and
36:22
charging it overnight. Whereas if you're going to be paying for gasoline a lot
36:28
of times, what the gasoline is in the morning is the same at noon,
36:31
and it's the same until you're getting close to a weekend, and then
36:35
it may be fluctuate fifteen to twenty cents before the weekend or whatever, depending
36:39
upon gas supplies or whatever. But you're not limited to that. Whatever the
36:45
gasoline price is is what the gasoline price is for pretty much that day,
36:50
and you have the ability to shop around because there's so many other gas stations
36:54
in the area that if you get on a website and find out what the
36:59
nearest CLIs and cheapest gasoline is, you can go there. So you're not
37:02
limiting yourself because there is no peak hours as far as getting gasoline and as
37:09
far as the availability of gasoline. But then when you're fighting with peak hours
37:14
and where these charging stations might actually be, that becomes a real problem.
37:19
Because I mentioned this because you have again to remember that the cost of electricity
37:23
at home is much cheaper. He goes into explaining that and so on.
37:29
However, I've learned from my experience you should invest in a level two charger,
37:32
even though the level one charge is more convenient and so on. There's
37:37
different charging levels that you can get as far as your home installation and so
37:40
on, and so there's a lot more factors into this rather than just looking
37:45
up an EV charging station at your home. So interesting comparison there. And
37:51
again he did get a little bit of pushback in the comments section of what
37:57
he was writing and the comment section that people were jumping on there, But
38:02
again, that was his experience, and he's writing about his experience, and
38:07
nobody knows more about their experience than the person that's experiencing it. So folks
38:10
were up against clock here. Time for us to scoot on out of here.
38:14
Stay tuned for red Eye Radio at the top of the hour. I'm
38:16
Kevin Gordon, America's truck in Network seven hundred WLW News Traffic and Weather News
38:27
Radio seven hundred WLW Cincinnati. The many ripples of Monday Supreme Court ruling
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