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Jan 8, 2008

FUEL COST * USA

* Diesel prices listed as biggest trucking issue
USA - The Trucker -7 Jan 2008: -- By a huge majority, truckers have listed the price of diesel as the biggest issue facing the trucking industry in 2008... Of the 486 who voted in the poll at www.thetrucker.com, 305 (62.7 percent) said the cost of fuel was the most pressing issue... A distant second was Hours of Service with 85 votes (17.5 percent)... Freight availability (12.1 percent), road congestion (5.4 percent), and EOBRs (2.3 percent) were other issues listed on the poll... This week’s poll deals with the average number of consecutive hours of sleep truckers get during a 24-hour period...


* OPINION - The real cost of oil remains to be seen
Grain Valley,MO,USA -Land Line Magazine, by David Tanner -January 7, 2008: -- The price of crude oil surpassing $100 per barrel has broken a major psychological barrier, and some oil traders believe the price will only go up from there... Hundred-dollar oil is a hurdle few of us were thinking about a few years ago, but the weary world jumped over it on the second day of January and somehow landed on its feet... Some traders in oil futures believe that crude could hit $200 per barrel in a year or so... We all hope we don’t end up in a breadline somewhere, but it is not reassuring to know that in January 1999 – nine short years ago – the average price for a barrel of oil was $12 and a loaf of white bread was 87 cents... Maybe the price of oil is supposed to skyrocket out of reach until we as a society are forced to incorporate alternative forms of energy into our daily routines. But how much is that going to cost?...

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