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May 31, 2008

HIGHER FUEL COSTS * USA - Fill it up, lose your shirt

Everyone is feeling the pain at the gas pump. But diesel prices are even higher, over $5 per gallon locally

Hillsdale,NY,USA -The Columbia Independent Online (Columbia,NY), by RICHARD ROTH -29 May 2008: -- ... That represents a $2 per-gallon increase in just one year... At those prices the owner-operator of a diesel truck, whose rig is likely to get four to five miles per gallon on average, is spending more than a dollar a mile just on fuel. Other petroleum costs have also gone up. An oil change is necessary every 10,000 miles--once a month for a long-haul trucker--and the eleven gallons of oil lubricating the crankcase of a large engine cost another $200... Some drivers are giving up and selling their trucks to meet the high demand for used vehicles in Russia, according to a Vermont driver who delivered wood chips to a Hillsdale garden supply store this week. Fuel costs are one problem, he said, but the general slowdown in the economy is also taking its toll... There are also concerns about fuel oil costs for the coming season, because fuel oil is closely related to diesel. Congresswoman Kirsten Gillibrand (D-20th) has urged the Congressional leadership to include $1 billion for the Low Income Home Energy Assistance Program (LIHEAP) in the emergency appropriations bill currently being debated... Meanwhile, according the independent trucker Butch McWhirt , truck drivers are making the best of a bad situation. "There's stuff guys are scarfing up because they've got to try and make the truck payment," he said. "They're trying to ride out the storm, and hoping something better comes along"...

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