"Price of fuel is a big part of the cost of operating any trucking operation. And it's also a big part of the middle class pocketbook. Middle-class consumers enjoying the strongest wage growth. We've seen in many years in a decade. According to the experts, but higher gas prices are are eaten too good chunk of that for many. And it looks like bump prices are headed higher. Oh, wonderful. News gasoline pump. Prices have already jumped about twenty five percent. This year. The fastest rate in three years. One of the culprits. They tell us is the sanctions against Iran in crude oil or crude exports, and that's got something to do with in this week with the administration moving to tighten those sanctions good soon, send prices even higher. Crude oil prices hit the highest level at about six months this past day, some analysts expect the national average pump price which is right now to eighty five per gallon. Will climb above three dollars per gallon for the first time since twenty four teen. Now, they point out few good goods prices aggravate consumers as much as high gas prices. The chief economist at moody analytics says, it's it's an important part of the consumers psyche. They live with it. Every day. Now he and other analysts at higher gas prices might irritate motorists as we head into the summer driving season. But they don't think of a moderate fuel price hike would force people to maybe cut spending in other areas. So for now. Yeah. Consumer spending has remained pretty much resilient wages are growing in the tight job market average, hourly earnings in the private sector are rising at roughly three point two percent year-over-year. That's good numbers left. The strongest today decade actually, those bigger paychecks helped pay for costlier gasoline after OPEC and their allied producers including Russia, reduced their output trying to prop up the prices retail prices for regular gasoline of risen about fifty five cents per gallon. So far this year. So far. It hasn't been a particularly large headwind for consumers. Yeah. The Trump administration called for buyers of Iran's oil to stop purchasing that oil by may the first which is just around the corner or they would face sanctions. Pretty an end to what had been six months of waivers. That was allowing Iran's eight biggest buyers to keep importing their oil at limited volumes. So that should be coming to an end analysts noted US crude production is surging and higher output from OPEC and Russia could help maybe offset losing about a million barrels per day of Iranian oil. As far as the world markets are concerned. Yes. Sources yesterday said Gulf OPEC members were ready to raise their output. But only if they saw sufficient demand, some US consumers are already paying three bucks per gallon in February filling at twenty five point five gallon tank of for an SUV would have cost about fifty seven bucks on average. That is now a nearly seventy three dollars, according to the government data. Yeah. For a fifteen dollar an hour employee working thirty five hours a week. I mean, filling up once a week is costing fourteen percent of their gross pay. So. One part time driver for lift based out of DC said, yes, I'm hyper aware of the gas prices. These rising fuel costs are cutting my prophets stretching the budget, and I wouldn't be a bit surprised that some of these Uber in lift drivers will say, well, you know, with the prices where they are. It's not worth getting up there to do what we're doing. But even before the latest news about Iran drivers were expecting rising prices at the pump to cut into their income. So the consumer survey expected their consumers they served said they expected their wages to rise. Maybe two point six percent over the year, but they're expecting prices prices to rise four point seven percent over the next year. Some of the numbers you juggle things around. So it's all about Iran. We've got what about a week left? Then. Yeah. Before may first rolls around. And I'm not I'm not actually sure who all of Iran's biggest purchasers were in the big picture on the global market a million barrels per day, isn't really all that significant. There's plenty of others that could make up for the loss of that. So I guess you just got to kind of play it by year. But one thing we do know is Iran is not one bit pleased that they're being forced pretty much shuttered. Their"