Posted on 05/03/2022 12:49:23 PM PDT by Mariner
Diesel prices reached record highs over the past week, threatening an already-strained supply chain that is heavily reliant on the fuel for freight trucking with prices that are nearly double last year's averages. The average cost of diesel fuel in the United States now sits at $5.37 per gallon, AAA says. Unlike gasoline prices, whose lunar trajectories have plateaued since spiking after Russia's invasion of Ukraine, diesel costs may continue to rise.
Truckers are already concerned about growing, uncompensated costs that have the potential to drive smaller owner-operators out of business. Average retail prices for diesel topped $5.00/gallon just last week — the highest in records going back to 2005 — and have crept up more than 4% since. Prices jumped in recent days amid record futures contracts and decades-low stockpiles, further squeezing consumers dealing with soaring inflation. Russia’s invasion of Ukraine has tightened global supplies of the fuel and led to fierce competition for diesel produced on the U.S. Gulf Coast.
Expensive diesel will deal a blow to the already-strained trucking sector, which consumes around 70% of all diesel used in the country and serves as a barometer of the U.S. economy, according to trucking association ATA. Diesel is also used in farming equipment currently powering the largest planting season for corn and soybeans since 2017.
(Excerpt) Read more at yahoo.com ...
Resulting in increased costs for everything, especially freight and farming expenses.
Not to mention fertilizer.
‘Uncompensated ‘ cost? No trucker I know will roll a mile without covering costs. They’re not as stupid as you think.
We raised our rates and have an adjustable fuel surcharge.
Only looking up from here.
the potential to drive smaller owner-operators out of business.
Isn’t that the goal of the big government, mega corporation, corporatists in DC? Drive the little guy out of business so everyone is beholden to MEGA.
As we all know by now, The ‘Rona was only present in small businesses and would kill you in an instant. However, The ‘Rona knew enough not to enter Home Depot, Lowe’s, Walmart, Target; Ace Hardware, Newsome’s winery or any other business big government deemed worthy.
How many small businesses are gone forever because of that?
Guys I know in the excavation business are either going to park their equipment, or get the fuel costs up front.
It was $6.29/gallon for diesel last time I filled up that was 4 days ago.
$2/gallon more than gas.
In PA on Rt. 202 and Rt. 1 it was $6.49 yesterday.
Biden did this.
And some FReepers bear some responsibility.
Are we still saying we’re not worried about high prices as long as it hurts Putin?
Trying to get my talking points straight before I’m confronted by the media.
Russia’s gas & oil revenue was doubled in the three months of “sanctions”.
President Retard thinks it’s wonderful that he caused this and believes you will too 🤪
How are the Rooskie reserves doing?
Thank you Joe Barak Obiden.
“Are we still saying we’re not worried about high prices as long as it hurts Putin?”
Every supporter of Ukraine celebrates it.
I have no clue. There was an article recently posted on here.
It seems we’re hurting ourselves and Europe more than Russia.
At least currently.
$5.59 here. $1.40 more than gas.
When the dims killed Keystone, they drove up the costs of all petroleum products. Everything from propane to tar.
But more mean tweets.
Here in Indiana, gas 4 bucks, diesel 5.50.
biggest difference ever I think
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