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FUEL COSTS TROUBLES * USA - Rising diesel prices smack businesses
Diesel fuel prices are soaring, and some experts say the cost of a gallon will roar past $4 this summerPhiladelphia,PA,USA -Philadelphia Inquirer, by Henry J. Holcomb -Jan. 16, 2008: -- ... This has far-reaching impact on business. Consumers will feel it, too... Rising fuel prices are pushing thousands of trucking companies close to the edge, threatening to diminish transportation resources when long-term forecasts say the amount of goods shipped will double by 2010... The trucking industry is already beset by driver shortages and talk of new tolls and toll increases, said Jeffrey Tucker, who is chief executive of the Tucker Co., a Cherry Hill logistics firm, and a director of the National Industrial Transportation League... "If the economy stays iffy much longer, thousands of carriers will go out of business," Tucker said... In Europe, more than half the automobiles now have diesel engines, which get more miles per gallon and last longer, and there are signs that the engines could soon gain favor in the United States, Stephen Schork, editor of the Schork Report, a daily energy newsletter published in Villanova, said... "There have been tremendous technology strides since the noisy, smelly, hard-to-start diesel cars that turned off Americans in '70s," Schork said. "Diesels are cleaner and friendlier now"... What is not clear, he and others said, is how friendly the price of diesel will be as the oil industry races to catch up with - but not overtake - demand... (Photo by MICHAEL BRYANT / Inquirer - A semi driver fills up in Paulsboro. Soaring diesel prices are linked to costly crude oil and demand from growth overseas)
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