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Diesel Jumps As Fuel Prices Hit New Highs
U.S. fuel prices broke record highs Monday following the Easter holiday weekend and new reports pointing to signs of an economic recovery; diesel was no exception. Trucking's main fuel jumped 7.6 cents this week Tuesday, April 06, 2010 U.S. fuel prices broke record highs Monday following the Easter holiday weekend and new reports pointing to signs of an economic recovery; diesel was no exception. Trucking's main fuel jumped 7.6 cents this week to a high of $3.015 a gallon, breaking $3 for the first time since November 2008, according to the Department of Energy. After falling 0.7 cents last week on the heels of a five-week gain, diesel climbed back up this week, 78.7 cents higher than the same week last year. The West Coast and Central Atlantic regions had the highest prices this week, at $3.113 and $3.136 a gallon, respectively. The Gulf Coast and Lower Atlantic regions saw the lowest averages, at $2.978 and $2.986 a gallon, respectively. On the heels of crude oil hitting an 18-month high Thursday as it passed $85 a barrel, analysts predicted higher fuel prices to come, according to reports by the Associated Press. Meanwhile, new economic reports, including positive home sales and service sector results, pointed to a favorable economic outlook. The Department of Labor announced that total employment was up 162,000 in March. Demand for crude oil is expected to follow, says the AP. On top of the effects of the holiday weekend, these factors contributed to a boost in oil Monday, which landed at $86.62 a barrel on the New York Mercantile Exchange, the AP reports. Gasoline prices were up 2.8 cents to a national average of $2.826 as motorists hit the roads over the weekend. This is 78.9 cents above the same week last year. |
Message from the President- February 2011 I recently had the privilege of representing the NJMTA at a reception held at the Governor's residence Drumthwacket. We were invited due to the generosity of two of our members, Lacey's Express, Inc. and National Retail Systems, Inc. who responded to a request for tractor donations Message From President - January 2011 As I prepared to write my first article for the NJMTA membership as the acting President, my thoughts are focused on the recent tragedy that occurred in Arizona where a Congressman was seriously wounded and 6 others murdered at a political rally. I find myself asking just what is happening to our country.
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CVSA’s Roadcheck 2013 Focuses on Cargo Securement and Bus Safety; 72-Hour Enforcement Campaign to Send Strong Safety-First Signal to Industry Sponsored by the Commercial Vehicle Safety Alliance (CVSA), Roadcheck dispatches 10,000 federal, state, provincial and local inspectors to more than 1,500 locations over a 72-hour period across the continent to conduct comprehensive North American Standard Level I Inspections. US Department of Labor's OSHA seeks applications for $1.5 million in Susan Harwood safety and health training grants Potential Issues with Managing and Recycling Cathode Ray Tubes (CRTs) Listening Session Webinar Thursday, May 30, 2013 1:00–4:00 PM EST EPA to Award Over a Half Billion in Funding to Areas Impacted by Hurricane Sandy in New Jersey and New York Funding will Help Upgrade Wastewater and Drinking Water Facilities Damaged by Sandy PORT NEWS - RFID Program |
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