Railroad Strikes: Skyrocketed Gas Prices, More Supply Chain Shortages

U.S. President Joe Biden sits in a Chevrolet Corvette Z06 during a visit to the Detroit Auto Show to highlight electric vehicle manufacturing in America, in Detroit, Michigan, U.S., September 14, 2022. REUTERS/Kevin Lamarque

Gas costs and supply chain shortages might both get worse from a nationwide rail strike. Earlier this week, BNSF, CSX, Norfolk Southern, and Union Pacific placed embargoes on certain goods. It is estimated that a countrywide train shutdown would cost $2 billion per day. A train workers’ strike, according to the Retail Industry Leaders Association, would be “devastating” to the sector. More than any other kind of transportation, rail transit makes up 40% of the volume of long-distance freight. If a strike went on for several days, gas prices may rise by $0.35 to $0.75 per gallon.

Read More on The Daily Wire.