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OIL NEWS * Canada - Fuel prices, cast anxiety over truckers
* USA - Open access to domestic energy sources, ATA tells Obama
Arlington,VA,USA -The Trucker News Services -25 Feb 2011: -- With world events showing the importance of energy independence, the American Trucking Associations called on the Obama administration to stop blocking access to U.S.-held energy assets... “The trucking industry requires more than 34 billion gallons of diesel fuel to deliver essential commodities like food, medicine, clothing and fuel,” ATA Vice President and Regulatory Affairs Counsel Rich Moskowitz said Feb. 24. “Despite advances in alternative energy, the trucking industry will continue to depend on traditional diesel fuel for the foreseeable future” ... Moskowitz said, “Rising fuel prices hurt truckers twice - first by increasing their operating costs and then by reducing freight volumes as consumers spend more on energy and are forced to reduce their spending on other consumer goods” ... In 2010, the trucking industry spent an estimated $101.5 billion on diesel fuel – a 28 percent increase over the previous year. Before the current spike in crude oil prices, ATA estimated that in 2011 carriers will spend roughly $20 billion more at the pump than they did last year...
* USA - Tapping Alaska
Charlotte,NC,USA -Portfolio -Feb 25 2011: -- Gasoline prices already were high for this time of year, but the disruption of Libyan oil exports has caused the average price of regular gasoline in the U.S. to jump nearly 12 cents in the past three days, to $3.29 a gallon... That’s according to AAA’s daily survey of prices at the pump... As the weather warms and Americans drive more, that price could creep up to $4 a gallon, or beyond, depending on what happens to world oil supplies... These higher gasoline prices will squeeze both consumers, who will have less money to buy other goods and services, and businesses, who will try to pass along their additional transportation costs to their customers. That’s not what a still-recovering economy needs... The oil shocks of the past week have prompted many business groups to call for increased oil production in the U.S... Yesterday, the Energy Security Leadership Council, a group co-chaired by FedEx chairman and CEO Fred Smith, renewed its call for increased domestic oil production. Dependence on foreign sources of petroleum poses both an economic risk and a national security risk to the country, the council maintains... Said Emilie Siurrusco, the Alaska Wilderness League's communications director, "... plus, increasing domestic production of oil might not lead to lower gasoline prices, she said. Oil produced in the U.S. goes into the world oil market, and Saudi Arabia could ramp down its production as we ramp up ours in order to keep prices high..." (Photo from The Trucker, by BARB KAMPBELL)
* USA - Truck Drivers Pain At the Pump Also Hurts Your Wallet
(Video: Gas Prices Soar For Truckers on the Road - Pulling up to a gas station seems to be getting more expensive by the minute. But the ones who are affected the most are those with the biggest rigs on the road)
Spartanburg,NC,USA -News Channel 9, by Christine Scarpelli -February 27, 2011: -- Pulling up to a gas station seems to be getting more expensive by the minute. The national average gas price Is $3.35 a gallon. That's up 2 cents from last night and nearly 20 cents from last week. In South Carolina gas averages $3.23 per gallon. That's the ninth cheapest in the U.S. and in North Carolina the average gas price is closer to the national average at $3.33 a gallon... But the ones who are affected the most are those with the biggest rigs on the road. Diesel prices have jumped up just as much as regular fuel and the trucking industry is feeling the pinch as well... Drivers we talked to said they've seen prices skyrocket and it's getting expensive for everyone involved... They say their companies are taking drastic measures to keep their wheels spinning... One driver said his company limits where they can go and even restricts the speedometer on their trucks so they can't drive faster than 60 miles per hour and in some cases it’s even affecting drivers pay... The drivers we talked to say South Carolina is on the lower end when it comes to fuel prices but economists say they expect things to get worse in the next few months...
* UK - RHA warns on spiralling fuel prices
Labels: diesel fuel prices, truching industry news USA and Canada, trucking costs
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