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Jun 25, 2009

FUEL COST * USA - Trucking association cries foul on diesel price jumps

Fort Smith,AR,USA -The City Wire -23 June 2009: -- The American Trucking Association announced today that it has asked Congress to investigate the recent rise in diesel prices and to “increase the transparency of futures markets.”... The Fort Smith region is home to several trucking companies, including Fort Smith-based ABF Freight System and Van Buren-based USA Truck... The ATA said the market forces don’t justify the average 56 cent rise in the price of diesel fuel since February. It reports that U.S. oil inventories are near a 19-year high and oil demand is down 6% from this time last year... Speculation is a necessary and valuable tool and is often used by trucking companies to hedge their fuel purchases, but excessive speculation is harmful to the economy, according to the ATA... (Picture from media.canada.com: sun0805n-gas)

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Nov 17, 2008

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)

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Nov 5, 2007

Diesel Fuel * USA - Truckers angry over rising cost of

Hazleton,PA,USA -The Standard Speaker, by ED CONRAD -4 November 2007: -- The cost of diesel fuel is going through the roof – of tractor-trailer cabs, in particular – and the drivers wonder who’s to blame, although they have a good idea... “There’s a lot of chatter on the CBs (trucker-to-trucker citizens’ band radios),” said David Barber, 32, of Tunkhannock, while filling up at the Uni-Mart truck stop along Route 924 near Humboldt Industrial Park on Saturday... “And a lot of the (unpleasant) chatter obviously is about President Bush“... The chatter seems to go on all day long. It’s like it never ends... Barber was filling the tank of his Hanover Township Waste Reduction and Recycling rig at $3.379 a gallon... "One of the things that the skyrocketing cost of diesel is doing to a lot of drivers is cutting down their hours and eliminating their overtime,” he said. “The trucking companies have to make up for the high cost of fuel somehow, and these are two of the ways”... As for a reason for the consistent escalation for the price of diesel fuel – and gasoline as well – Barber had no idea...

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