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America's Truckin' Network -- 7/3/24

America's Truckin' Network -- 7/3/24

Released Wednesday, 3rd July 2024
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America's Truckin' Network -- 7/3/24

America's Truckin' Network -- 7/3/24

America's Truckin' Network -- 7/3/24

America's Truckin' Network -- 7/3/24

Wednesday, 3rd July 2024
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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

29:26

sure you hit up that iHeartRadio app. Find seven hundred WW in that app,

29:32

scroll through the various shows, find America's Trucking Network. Everything is right

29:34

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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