REPOST: Diesel reaches highest price point since 2008

Overdrive, a premier magazine for news and information on the trucking industry, reports in this article that the price of diesel has now surpassed its highest national average since 2008.  But there is good news. Read on to find out.

 

Since diesel prices began their ascent in the middle of January, the national average diesel price has shot up 26 cents to $4.159 a gallon, marking the highest national average since Aug. 18, 2008, when diesel averaged $4.207 the previous week.

That year’s peak was at $4.764, coming during the week ended July 14, 2008.

Between Aug. 18, 2008, and this week, the national average price has flirted with the $4.15 mark, reaching that point exactly in October 2012. It didn’t breach it, though, until last week.

The good news, however, is that the climb seems to have slowed, as diesel rose just two-hundredths of a cent for the week ended Feb. 25 from the previous week, according to the U.S. Department of Energy’s Energy Information Administration.

Regionally, the Rocky Mountain Region had the nation’s cheapest average, $4.057, while California had the most expensive, $4.365.

H&H Transportation, a private trucking company in Fords, NJ is headed by Thomas Pecora.  Be in the know of the latest developments in the industry by liking this Facebook page.

Repost: Truckers at war to cut diesel tax

Author: Kevin Schofield

Reposted from: thesun.co.uk

In this article, thousands of truckers in the UK rally against sky-high diesel tax, demanding Chancellor George Osborne to cut fuel duty.

Thousands of lorry drivers have joined forces to demand George Osborne CUTS fuel duty in the Budget, The Sun can reveal.

Truckers delivering 64,000 pallets in the UK every day say they can no longer afford the sky-high tax.

They warn jobs could be at risk and shop prices will continue rising unless the Chancellor acts.

Mr Osborne has ruled out any hikes before September at the earliest after The Sun’s Keep It Down campaign.

But the Association of Pallet Networks, which employs 25,000 drivers and staff, say they now need a cut to bring down members’ massive £8 million-a-week diesel costs.

APN founder Paul Sanders said: “We pay the highest fuel duty in Europe — 58p on every litre. This is a toxic tax on all the small companies we carry goods for. If the Government want to get the economy growing, they need to cut fuel duty. Every 1p cut would save £3,740,000 a year.”

Campaign group Fair Fuel UK backed the calls. Spokesman Quentin Willson said: “Every extra penny the haulage industry pays in diesel is added to the price of everything in the shops.”

George Osborne used last month’s Autumn Statement to scrap a 3p-a-litre rise in fuel duty planned for January 1. The move saved the average driver £7.69 a month. It was the third of the previous Labour Government’s planned rises he had dropped.

A Treasury spokesman said: “The Government recognises that fuel is a significant cost.

“The cancelled January increase alone will save a typical haulier £1,200 a year.”

Thomas Pecora of the NJ-based H&H Transportation would say that resolving oil predicament has never been critical in any government’s further efficiency savings and measures. This Facebook page discusses more about trucking and oil price.