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FUEL COST * USA - No let up for demand in diesel fuel consumption
Loaded up and truckin’: Truckers don’t have as much to celebrate
St. Joseph,MO,USA -The News-Press & Sant Joe Now, by Susan Mires -November 16, 2008: -- “Prices are still high,” said Tavio Headley, an economist with the American Trucking Association... Diesel has consistently been 60 to 70 cents per gallon more than gasoline this year. Gasoline prices have been sliced in half since the national peak $4.11 in July. In St. Joseph, gas was selling for $1.77 or less last week... The national diesel price reached $4.76 in July. Diesel was selling for about $2.66... “The gap has widened,” Mr. Headley said... Historically, diesel fuel was cheaper than gasoline, but the situation has been flip-flopped for the last four years, according to the U.S. Department of Energy... The cause, like most economic issues these days, is global. More diesel engines are being put on the road in many countries. Mr. Headley said since 1990, diesel consumption went up 36 percent in Europe, while gasoline demand dropped by 18 percent... Limited refining capacity and new requirements for ultra-low sulfur diesel have also contributed to recent price hikes, the Department of Energy reports... (Photo by Eric Keith / St. Joseph News-Press - Diesel fuel prices have fallen in recent weeks, but the fuel remains significantly higher than gasoline because of worldwide demand. The prices affect truckers, who haul virtually all consumer goods in the country at some point)* Break on expenses can't offset decline in revenue
Waukesha,WIS,USA -The Journal Sentinel By Joe Taschler -Nov. 15, 2008: -- Truckers and trucking companies in metro Milwaukee are paying substantially less for diesel fuel this month compared with the summer, but it's hard to convert the savings into growth as the amount of freight they haul dwindles in a shrinking economy... The types of freight these companies handle - everything from gravel for parking lots and roads to rolled steel for soup cans - touches nearly everyone. It provides a taste of the financial anxiety hanging in the air these days... "We're a real bellwether for the entire economy," said DuWayne Marshall, an independent trucker from Watertown. "We usually see the start of the recession and we come out of it first"... Right now, he sees no signs of improvement... So far this year, he has spent just shy of $102,000 for fuel, a number he called "absolutely staggering"... His cost per mile has dropped 21 cents during the past 30 days compared with July. So, too, has the volume of freight he is hauling. Finding loads is becoming more difficult... (Photo by Michael Sears - Jack Moss (left), owner of Jack C Moss Trucking Inc. in Lannon, and his son Steve Moss, are glad to see fuel costs drop, especially since the slow economy has been a drag on their business. The Mosses own and operate 12 trucks and contract with six other owner-operators)Labels: fuel cost
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