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Justin Ho

๐Ÿ‘ค Speaker
309 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
How's that grocery bill looking?

They require transportation.

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They're heavy.

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They're spacious.

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And all three of those, labor, energy, and transportation, are current sort of long-term structural pain points in the food supply chain.

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The canary and the coal mine here are really the perishable food products.

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One thing that made the oil shocks of the 1970s especially bad was that cars back then weren't very fuel efficient.

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Daniel Sperling is a professor emeritus at UC Davis.

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When I was young, a car got 13 miles per gallon.

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You know, now they're getting 30 miles and some of them are up 50, 60 miles per gallon.

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And that's largely thanks, Sperling says, to federal regulations that were created in response to those oil crises.

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The industry has been obligated to continually supply more efficient vehicles.

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But because we tend to drive our cars for a long time, the average vehicle on the road is nearly 13 years old.

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Those more efficient vehicles take a while to change our overall gas consumption.

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Joshua Lynn is a professor at the University of Maryland.

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We still have a lot of vehicles on the road that have relatively low fuel economy.

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They were produced back a long time ago when those standards were weaker.

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The federal government started bolstering those standards about 15 years ago.

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So as newer models keep cycling into traffic, we'll keep seeing overall fuel economy rise, says Rebecca Chez at Purdue University.

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And that price at the pump?

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The federal fuel economy rules have also pushed companies to make more electric and hybrid vehicles.