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FUEL FRUSTRATION * USA - Fuel costs more than people.
The price of diesel fuel rises daily and it’s now the highest expense for local trucking companies, surpassing even personnel costs
Pottsville,PA,USA -Republican Herald, by STEPHANIE LASOTA -May 22, 2008: -- ... Nationally, the trucking industry will spend an anticipated $135 billion for fuel this year, compared to $112 billion last year, according to Kristin Vasey, a spokeswoman for the Pennsylvania Motor Truck Association... Pennsylvania has the second-highest state average for diesel fuel costs, right after California, she said. In 2005, a gallon of diesel fuel surpassed the cost of a gallon of gasoline, according to statistics from the Energy Information Administration... Jonathan Cogan, EIA energy information specialist, said the price comes down to simple supply and demand issues... The Federal excise tax on on-highway diesel fuel, 63.6 cents a gallon, is also 6 cents higher than the tax on gasoline. Crude oil spiked to $128.93 a barrel Tuesday, according to the most recent EIA statistics... “The U.S. is somewhat unusual in that gasoline by far is the predominant form of petroleum used, whereas in the rest of the world, diesel is the predominant petroleum product used. That leads to that tighter world supply- demand balance that we see,” Cogan said... Alan Felty, owner of Harold M. Felty Inc., Pine Grove, a 50-year-old family business with 11 trucks, said he recently bought six used vehicles, including two Dodge Neons and a Ford Focus, to help soften the economic blow of diesel fuel... “We used to bring our trucks home here and fuel up at the shop, but with the price of fuel, we went and bought some small cars and keep the trucks at Shoemakersville and the drivers come back in cars,” Felty said... Cash and debit price for a gallon of diesel fuel was $4.71 Wednesday at Raceway Truck Stop, Pine Grove. It was $4.77 for credit card users. Gary S. Brar, manager of the truck stop said, credit card surcharges and fuel surcharges for product shipments to his store are also a problem he faces.“There are two people making money: credit card companies and oil companies,” Brar said... (PHOTO, by ANDY MATSKO: Truckers drive through the rain and fog on Interstate 81 near the MInersville exit)* Truckers rally against high diesel prices
Albany,NY,USA -The Albany Times Union, by Eric Anderson -May 22, 2008: -- Horns blaring, dozens of trucks made their way south on the Northway this afternoon to the Wilton Truck Plaza at Exit 16, where drivers held a rally to protest high fuel prices... On a day when diesel prices at the pump were surging past $5 a gallon, the truckers listened to several elected officials assail everything from oil company profits to those who opposed a summer gas-tax holiday... One rally organizer, Charles Claburn, said truckers would stop hauling goods and produce into New York City if relief from fuel and other taxes wasn’t forthcoming. He also put some of the blame for truckers’ financial woes on commodities speculators... Drivers say they’re hurting... Bill Sutton, a trucker from Batavia in western New York, said his truck gets 5 to 5 1/2 miles per gallon. The 300-mile trip to the Capital Region costs him $300 in fuel alone... While many of the participants in today’s rally are independent truckers, the fuel prices and economic slowdown are taking a toll on larger trucking companies, too...Labels: fuel cost troubles
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