As he contends with surging fuel prices, truck driver Lamar Buckwalter sees signs all around that consumers are cutting back.
The last time he fueled up, Buckwalter spent $5.79 a gallon for diesel, more than double the price from a year ago, a shift exacerbated by lower job rates as demand for trucking services cools. He is also planning to tighten the belt on perks for his three employees, such as a summer family picnic.- Tough times for taxis -"I used to put $25 of gas every day," Alliance told AFP."Now it's up to $45.""We're trying to live. We have no choice. Inflation is all over. Rent, food, everything, but it's take it or leave it."
"The rule of thumb in this industry is that you can pass through two-thirds of a fuel price increase within three to six months, the full amount within six to 12 months," said Savanthi Syth, an industry expert at Raymond James. Just travelling back and forth to the casino town would cost some $162 in gas, on top of lodging costs.But travel experts still expect a busy summer even if more consumers like Devyant cut some trips.
However, the share of visits to EVs remains a relatively small 5.7 percent of overall page views, according to Cox.