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FUEL PRICES TROUBLES * USA & Canada - Oil Closes at New Record Over $113 a Barrel
New York,NY,USA -Transport Topics -15 April 2008: -- Oil prices jumped almost $2 Tuesday from Monday’s record, closing at a new all-time high of $113.79 a barrel, Bloomberg reported... The gains were driven by an International Energy Agency report that said Russian oil production fell this year for the first time in a decade, raising concerns about whether that country will have sufficient supply to help meet increasing global demand, the Associated Press reported... The Department of Energy said Monday that diesel fuel’s national average price topped $4 for the first time, gaining more than a dime to $4.059, while gasoline jumped 5.7 cents to $3.389, also an all-time record...* USA - Diesel dilemma -As the price of fuel continues to climb, truckers feel pinch
Elizabethtown,NC,USA -The Elizabethtown Bladen Journal, by Erin Smith -April 14, 2008: -- With diesel prices climbing ever higher, local trucking firms are feeling the pinch. One local service station was advertising $4.07 per gallon diesel fuel last week. The national average for diesel fuel as of April 7 was about $4 per gallon... Trucker Wade Butler said it was making things difficult on his business, W. P. Butler Trucking of Dublin. He operates 15 trucks which haul in North Carolina and Virginia... “It’s about to close us up,” said Butler of the prices... Owner/ Operator Steve Carroll echoed Butler’s sentiments, “It’s been pretty tough on us.”... Both men say the increasing costs of operating those big rigs hauling goods to markets both here and in other states is inching up and putting a crunch on profits. Carroll operates a fleet of five trucks and hauls loads as far south as Georgia and as far north as Virginia. Carroll, who estimates he hauls about 75 percent of the peanuts, peanut products, and peanut butter for Peanut Processors in Dublin, said a fill-up used to cost about $250. Now, it can cost as much as $1,000... He said a lot of truckers shut down or slowed down on the roadways last Monday to protest the high fuel prices...
* Canada - Truckers grapple with soaring fuel bills
Toronto,ONT, Canada -The Toronto Star, by Chris Sorensen -Apr 16, 2008: -- ... With the price of diesel fuel hovering at $1.29 per litre, trucking industry veteran Chuck Snow says it now costs about $1,000 to fill up one of his company's tractor-trailers, compared to about $650 just a few years ago... It's the latest blow to an industry already reeling from the impact of the rising Canadian dollar on Ontario's manufacturing sector and the slowing United States economy... Snow said bankruptcies have become a near-daily occurrence in the industry, particularly among smaller operators... Industry-wide bankruptcy figures for 2007 won't be available until later this year, but David Bradley, the president of the Ontario Trucking Association, said it's safe to assume Ontario will mirror the U.S. industry, where bankruptcies were up 52 per cent last year... (Pîcture by Jack Boland/Sun Media - Lloyd Frith, 57, who has driven big rigs for 35 years, says the latest hike in fuel prices has left him paying $300 more than last year to fill up)* USA - Independent Truckers Watch Income Shrink
Kansas City,MO,USA -The Kansas City News -April 16, 2008: -- As fuel costs rise to record highs, independent truckers said they are watching their incomes shrink, KMBC's Dion Lim reported... Julie Michaels and her husband said filling up the gas tank on their rig costs them $1,200... Michaels said they have no savings and no retirement... Three years ago, the couple invested their money in a big rig... Lim reported that the Michaels plan to hang onto their truck for as long as they can to try and make ends meet. They are looking for other jobs...
* USA - Truckers say diesel costs pushing them to the edge
Lowell,MASS,USA -The Lowell Sun, by Dennis Shaughnessey -16 April 2008: -- ... With diesel fuel costing more than $4 a gallon in most New England states, truckers say they are feeling more than a pinch at the pump. Some say they are being squeezed right out of business... Jeffrey Atkinson, an independent trucker from Bishopville, S.C , no longer sits and idles unless the temperatures are extremely cold or hot... Truckers point the finger at the government and at big oil corporations... "It's greed, pure and simple," says Bob Elliott, a driver for RTC Prime Inc. out of Springfield, Ohio, whose weekly diesel-fuel bill runs into the thousands of dollars. "I don't believe for one minute that the cost of production is as high as they say it is. It's gouging by the big corporations. Somebody is making a boatload of money off of us and it carries over to the mom who's in Wal-Mart buying a pair of shoes for her kids. Whatever you got, a truck got it there."... (Photo by DENNIS SHAUGHNESSEY/S.C. SUN - "It costs me between $800 and $1,000 every time I fill up," says Jeffrey Atkinson of Bishopville)Labels: fuel costs troubles
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