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FUEL PRICES * USA - Truckers love lower fuel prices, but will it last?
Henderson,KY,USA -Henderson Gleaner/Courier & Press, by LINDSEY ZILIAK -October 21, 2008: -- Carl Daniels of Arkansas has been working in the trucking business for more than 20 years and remembers when diesel fuel was 86 cents a gallon... Diesel may never cost 86 cents again, but in recent weeks the price has dropped across the country... Soumen De, associate professor of finance at the University of Evansville, said the price decrease for both diesel and gasoline may not last... He said driving in America is down by billions of miles this year, and demand has fallen in China and India as well... De also said no one will know until winter whether the prices will continue to drop. OPEC may cut production, he said, and if it does, prices could go up.He said it takes one to two months for the consumer to see the effects of any changes that are made... Diesel prices, he said, follow similar trends as gasoline prices, so he is unsure whether the decreases will last there, either... (Photo by ERIN McCRACKEN / Courier & Press - Jeff Wilson of New Johnsonville, Tenn., fills the truck he drives for Peek Trucking with more than $300 of diesel fuel at the Pilot Truckstop at U.S. 41 and Interstate 64 on Monday. Wilson hauls aluminum coils for soda cans for Peek and says the higher gas prices are affecting the trucking industry. Wilson, who has driven a truck for more than 20 years, remembers when diesel fuel was less than $1 a gallon)
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