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FUEL COSTS * Austria - Oil rises after decline overnight
Vienna,Austria -The Trucker News Services, by GEORGE JAHN -8 Jan 2008: -- Oil prices rose robustly Tuesday, paring the losses of the previous session over worries about the U.S. economy that left the market at a two-week low... Futures were supported by expectations a midweek U.S. report on oil inventories would show crude stockpiles fell for the eighth straight week... Brent crude for February delivery rose 13 cents to $94.52 a barrel on the ICE Futures exchange in London... Heating oil and gasoline futures spiked more than 4 cents to fetch $2.6130 and $2.4744 a gallon (3.8 liters)... Natural gas futures rose 1.6 cents to $7.916 per 1,000 cubic feet... (Photo: BACK ON THE ROLLER COASTER: Oil prices on the rise, again, after a two-week low)* UK - Counting the cost of fuel
London,UK -Road Transport -9 January 2008: -- A succession of diesel price increases has plagued the industry in recent months, mainly as a result of the rise in the cost of crude, now hovering around the $100/barrel mark, but also due to the Chancellor's 2p/litre surcharge introduced in October 2007. Since our last published Cost Tables, sponsored by Daf, the national average price of diesel at the pump has risen nearly 16%. This increase has more than wiped out the 5% profit margin for our sample 40- and 44-tonners covering 100,000 miles annually, their respective charge-per-mile figures increasing from 137.10p to 144.82p and from 147.93p to 156.30p... The fuel cost per mile for these vehicles is now a hefty 53.32p for the 40-tonner and 57.77p for the maximum weight six-axle rig, producing annual diesel bills of £53,320 and £57,770 respectively. Fuel as a percentage of the total operating cost is now approaching 40% for both vehicles. The picture is almost as grim at lower weights: the charge-per-mile figure for our 18-tonner covering 60,000 miles a year increasing 4% - the industry's typical profit margin...Labels: fuel costs
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