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Gary Meyers is joined by Don Day, Isaac Issa, and Robert Genetski for updates on fuel, weather, transportation, and markets.
DISCLAIMER: All opinions expressed by the presenters in this video are solely their opinions and do not reflect the opinions of The Meyers Report, its directors or officers.
DISCLAIMER: All opinions expressed by the presenters in this video are solely their opinions and do not reflect the opinions of The Meyers Report, its directors or officers.
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NewsTranscript
00:07Good morning. Welcome to the Myers Report Fast 15. It is Friday, September 25th, 2026.
00:16Don Day will explain the vagaries of the weather and the vulgarities heading to New England,
00:22of which there apparently is going to be a lot. Isaac is back with us with an update on the
00:27supply chain and the issues we have to deal with. And our chief economist, Bob Janetsky,
00:34will bring us up to date or up to speed on the markets. And we'll have more on the fuel
00:41storage.
00:43California's failed environmental policies caused not only great fires, which destroyed land and
00:50homes, and they did nothing to fix it. California has done the same with its fuel industry.
00:57A quick comparison of gasoline and diesel costs in California tells a sad story. California regular
01:05gasoline costs about a dollar and 25 cents more per gallon than the rest of the country and has for
01:13at least 25 years. However, comparing California gasoline and conventional gasoline sold outside
01:20of urban areas and the difference is actually about $1.66 per gallon. The same disparity is true in
01:28diesel. California diesel costs are about $1.75 more per gallon than the U.S. average. There's no reason for
01:39this other than it's California environmental policies that absolutely make no sense. Don, first question of the
01:51day is, I'm wearing my summer hat. How long is that going to keep on going?
01:56Well, you know, it's starting to look a little bit and feel a little bit more like fall finally for
02:01some parts of the
02:01country with some cooler weather, and I think we'll see that accelerate, be ready for some cooler weather across a
02:07good
02:07part of the U.S. as we get probably past the October 3rd, 4th time frame. So things are changing,
02:14and boy, they're really
02:16changing in New England.
02:18How bad is it up there?
02:19Well, we're going to have a strong nor'easter. As you can see here, we've got a deep low that's
02:27going to be forming
02:28this weekend just off the coast, and it's going to basically wobble around. And, you know, this is something
02:35that is more attuned to the winter season, although having a nor'easter in September is something that's
02:42happened before. But this is a taste of, you know, what's to come in future months. Heavy rain,
02:50strong winds. This map right here shows the wind gust potential through the weekend. So you can see
02:57out on Long Island there, we're going to have winds that are going to be in excess of 50, 60,
03:02maybe
03:02getting close to a hurricane force. Certainly tropical storm force winds. Now, this is not a tropical storm,
03:09but this is the strongest storm to reach the eastern seaboard so far this hurricane season,
03:15but it's not a hurricane. But it's going to feel like it for folks in the northeast and very heavy
03:21rainfall. I mean, we've got two, three inches of rain that's going to come into Boston, New York City,
03:28Philadelphia is going to get into this as well. D.C. getting clipped by this. Then you can see all
03:34the
03:34way up, up the northeastern seaboard. It's going to be rocking and rolling pretty good. So the
03:40northeastern United States really feeling the brunt of it. What exactly is a nor'easter?
03:47Well, a nor'easter. We've heard the term a lot. Yeah. Okay. So a couple of things. We got nor
03:54'e for
03:56the northeastern United States and an easter because what we have is a situation to where you can see the
04:03strong easterly wind flow. If you follow these black lines here and you go counterclockwise around
04:09the low, you've got very strong winds coming in. So it's a combination of a storm off the northeast
04:15coast with very strong east to northeast winds. And what that does is that causes a strong storm surge
04:21and in addition to the heavy rainfall. So is a nor'easter coming out of the east as opposed to
04:29the
04:29general west to east weather pattern? Well, it's more of that the circulation, the counterclockwise
04:36circulation around the low is what's causing the northeast winds. This storm is forming up from
04:42the southwest along the coast. So it has more to do with where the winds are coming from.
04:48Okay. Before this year, we never heard of Pacific hurricanes. What's happening this week?
04:56Well, you don't usually hear about it much, especially if you're in the central and eastern
05:00United States, because it's so far away, you don't really worry about it. But this year,
05:05the hurricane activity in the Pacific is off the charts. This graphic shows three hurricanes at once.
05:12We've got Polo here off the coast of Mexico. We've got Oteliz, which is to its west. And we got
05:19Nolo,
05:20which is going to cause a little bit of problems for the big island this weekend. Hawaii won't take
05:26a direct hit, but they have three hurricanes like this and of the magnitude and size of it's quite
05:32remarkable. Nolo and Polo, are they losing their, are these weather namers, these hurricane namers
05:39getting, losing their imagination? Yeah. You know, we have a Polo, but they didn't even have a Marco.
05:45So, we'll figure that out. Okay. Weather-wise, is anything else interesting happening anywhere?
05:53Oh, yeah. You know, with these hurricanes, we're going to see Polo go into Mexico. It's going to go
05:59in just north of Cabo. And then it's going to, it's going to come in and bring significant, I mean,
06:04we could see some really big rains. And this is the, the track of Nolo. And then this is Polo
06:10going
06:10into Mexico here. So, we could end up with some really heavy rains. New Mexico, Arizona, Texas,
06:19even into Colorado. Southern California could even get into the mix. So, when we get into the early
06:25parts of next week, you'll probably be hearing about what was left of Polo coming into parts of
06:30the United States and maybe causing some concerns. So, what you're saying is, when Dr. Bob goes on his
06:38retreat from Michigan winters down into the, into Mexico, he's leveled to go from one storm set to
06:47another? Well, it is likely going to stay active with the tropical storms and hurricanes well into
06:53the month of October down there. Okay. And obvious questions. Bob, when are you going?
07:03I won't be going until January. That's the plan. There you go.
07:07I'm going to wait two things straight now. Okay.
07:11I don't like hurricanes.
07:13Isaac, welcome back. Diesel fuel has climbed above $7 a gallon in parts of the, parts of the U.S.
07:21business. What does that mean for trucking companies right now? And just how much of that
07:27cost can carriers realistically pass on to their customers?
07:31I'm still trying to get over Don's report. Polo, Nolo, Marco, Polo, Cabo, Mexico.
07:37That's a lot. Yeah. So, yeah, it's high. I've never seen diesel north of $7 a gallon as long as
07:44I've
07:44been doing this. None of us have.
07:47Well, there you go. And you got a couple more whiskers than I do. Discussions. A lot of
07:51discussions. A lot of discussions with our truck drivers. Some of them have even parked
07:56their trucks. A couple of them, the guy that was just speaking with me wants to park his
07:59truck. And we've been spending the bulk of our time because we pay fuel surcharge that
08:05we get from our customers. We've been spending the majority of our time explaining to drivers
08:10and quantifying, hey, you get fuel surcharge. It covers the spread. But all drivers see is
08:16that pump price. They see $7 a gallon, $7.29 somewhere in the Midwest. And having discussions
08:27about how our fuel surcharge, which right now is north of 60 percent, they're much difficult
08:33conversations getting truck drivers to understand that it's still being covered. They're rejecting
08:38a lot of those conversations because they're just not understanding it. And in turn, customers
08:44are pushing back in a very big way. You know, fuel's been on the rise since February. And
08:49we've been able to get these increases, our fuel surcharge increases from our customers
08:53because, you know, we're all watching it. We're all living it. But as soon as fuel surcharge
08:57went north of 50 percent, we're getting a lot of push. We're starting to get a lot of push
09:02back from customers simply because they're now having a hard time passing it on to their end
09:07customer. So it's definitely top of mind. It's the biggest thing happening in transportation
09:15right now. And on the driver's side, they're having a hard time understanding it. And the
09:20customers are having a hard time passing it on to their customers.
09:24Okay. Driverless trucks and automation are starting to feel less like it's coming tomorrow. Well,
09:31basically, it's not feeling like it's coming tomorrow rather than way further out in the
09:36future. Are drivers paying attention to this? Are they concerned about what it could mean for
09:41their jobs? Drivers are paying attention. But what we're seeing more and more is people,
09:47right? People in the industry are paying attention. The industry is bracing for a huge potential
09:52strike in 2028. Yes, 2028 on the West Coast. The longshoremen who control the ports in terms
10:02of lifting off containers off of the vessels inland and UPS are preparing for a large strike
10:092028 that we believe automation is going to be one of the biggest things that they're going
10:14to try to, I guess, reject in lack of better words. So although drivers are paying attention
10:20to the driverless trucks, the autonomous trucks, we're seeing more and more admin staff and workers
10:27outside of truckers in our industry paying attention to the rapid, just the rapid speed of how automation
10:35is. We're probably six months away from automating just here at the job, at least 20 to 30% of
10:41our
10:42admin tasks. So that's top of mind right now in the industry. It's coming and it's coming fast.
10:46And our industry is primed for it. There's a tremendous amount of repetitive tasks that
10:51takes place in transportation, that automation, many people, many executives are starting to really,
10:57really take a deep dive into. Okay. Dr. Bob, oil prices fell from $100 to the mid-90s.
11:07How did the stock markets react and why?
11:11The stock market just continues to go up. Our momentum model has switched. We had a setback
11:20a couple of weeks ago, but this past week, we've come right back into an area where the market is
11:28telling us things are bullish. And we've had now, I always like to look at a seven-day average
11:34because it goes from one extreme to another too often if you look at day-to-day. But day-to
11:40-day,
11:40we've had now four consecutive days of the maximum bullish reading on our momentum. So we've restored
11:47the odds, suggesting that the market is likely to go up in the next couple of weeks. So things are
11:55strong. Why? Profits. Profits continue to be...
12:00How was the other economic news that came out this week? Pardon?
12:04How was the other economic news that came out this week?
12:08Actually, we had two major reports this week. One was a business survey on the first half of September,
12:15and it was gangbusters all over the place, real significant increases. And just this morning,
12:22we had some figures come out on new orders. And there are two things that come out. One is total
12:30new orders. And that includes huge orders for transportation, mainly airplanes, and also defense
12:39orders. And that one is very erratic. It goes up, it goes down, and it's been strong over the past
12:45six
12:45months, strong over the past year. The other one that's more reliable looks at new orders after the
12:54effect of these very volatile items like defense spending and airplanes and things like that. And
13:01that is continuing to be gangbusters. We're seeing high double-digit rates of increase in new orders
13:09for durable goods, other than those high volatile items. So all, both reports were basically good
13:17news. Good news in the sense that the economy is moving ahead strongly, despite a sharp increase in
13:24interest rates. If there's a settlement in the Russia-Ukraine war and or Iran, what will be the
13:32impact on prices and inflation? We know it's going to be good, but how quickly do you think it'll happen?
13:38I think it'll be, I think the markets will factor it in very quickly. That's one thing that we're all
13:44hoping for, is both some sort of breakthrough in Ukraine and Russia, and also in the Middle East.
13:52Okay, our question of the week, who will be the Democrat nominee for president in 2028?
14:02Don Day, who's your bet?
14:04Oh my goodness. I don't really have a good handle on this. Hate to say it, Gavin Newsom.
14:16Okay, he's a good-looking guy, but not too bright. Isaac, what's your bet?
14:24The only one, excuse me, the only one that can actually promise every American a room to lay
14:32their head in, J.B. Pritzker.
14:37You know, he's on a, he's on Ozempic, and he's losing weight. From what I stand, he's already
14:42lost about 35 pounds. He's only got another two or three hundred to go.
14:48Dr. Bob.
14:50I'm going with the front runner, Kamala Harris. He deserves another chance.
14:56He's the gift that keeps on giving. My call is Rahm Emanuel. I think he's the brightest of all the
15:07Democrats, but I also think, personally, he's, I don't like the man at all, but he's capable, he's very bright.
15:17He's not crazy. He's not nuts.
15:21But he is vile.
15:24That's my question.
15:24He's from Chicago.
15:27Hey, I can't tell you, you know, while there are some nice people in Chicago, Chicago has taken a
15:34perverse pride in having the most corrupt politicians in the world, and they've taken a perverse pride,
15:41which I find bizarre, in having corrupt elections, yet at the same time, they could say that the 2020
15:49election was the cleanest in history. I mean, how could you be on both sides of that fence?
15:55Without the spikes of the fence sticking you up the butt.
15:59Don't forget, we're the home of Al Capone, my friend.
16:03Yes, sir. On that happy note, be well, stay safe, have a good weekend, and God bless America.
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