Subscribers Only --

<P>{mprestriction ids="1,2,3,4,5,6"}Overnight I began receiving information from certain industry executives who listen to my show telling me the word has come down that they are to prepare for a total industry shutdown in June and July.

At least THREE (3) separate Executives from THREE (3) different major airlines contacted me early this morning saying they were told yesterday the Airline Industry is shutting down in June/July.

I don't have specifics yet, but airlines run on logistics and key parts of the system are shutting down...i.e. provisions normally made months in advance in normal times are no longer being made . . . and time has run out.

Looks like they are going into "hoarding cash mode" to hunker down.

UPDATE 12:12 PM EDT --

Trucking industry could trigger gas shortage this summer

A truck driver shortage throughout the U.S. could potentially pose a "threat" to the gasoline industry, according to OPIS Energy Analysis Global Head Tom Kloza.

Kloza told FOX Business' "Mornings with Maria," on Wednesday, that the lack of drivers may cause gas stations to "scramble" to meet supply demand. 

According to AAA, drivers are paying around $2.88 per gallon for gas, however, prices could further increase throughout the summer if the truck driver shortage continues nationwide.

The trucking industry attributes some of the shortage to the amount of time it takes to obtain a commercial driver's license. While this has been ongoing over the past few years, the coronavirus pandemic only prolonged the delays, with some licenses even taking up to six months to acquire.

Furthermore, the industry predicts the lack of drivers will only get worse as more retire.

Kloza also said "crazy behavior" could lead to consumers stockpiling more toilet paper and gasoline just like in the early days of the pandemic.