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Aug 14, 2009

FUEL'S COST STUDY * USA - California said to be at critical stage in fuel rates

San Francisco,CAL,USA -Logistics Management, by Patrick Burnson -12 Aug 2009: -- Leading California economists and major employers released a new study analyzing the state’s crippling fuel costs and its impact on logistics management... According to the comprehensive report done in behalf of “Fueling California,” a new nonprofit consumer alliance comprising some of the nation’s largest transportation and logistics providers, the issue has a direct bearing on “job flight. And not only in the transportation sector,” said Dr. Wallace Walrod, president of the Orange County Business Council. “Although that is certainly a major concern. The fact is, California is losing jobs in to other states because it is simply too expensive to move goods here”... “Out of this understanding, new policy initiatives can be developed which can help alleviate future “fuel spikes” caused by California’s differences from other state and national policies,” said the report... Spokesmen added that although price levels rise and fall over time, Energy Information Administration (EIA) (U.S. Department of Energy) data indicate that average retail gasoline prices are routinely much higher in California...

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