Transportation Industry
Still Missing a National Fuel Policy
Transport Topics, November, 2007 by Anonymous
The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.
The industry staggers as drivers pay $3.303 a gallon for diesel on average and $3.013 for gasoline. Meanwhile, crude oil flirts with $100 a barrel for the first time in history.
All for the want of a government fuel policy.
The record diesel average was broken last week in the Department of Energy's survey of filling stations, jumping past the old record, set during the wild price jumps following hurricanes that devastated the Gulf Coast in 2005.
And there appears to be no relief in sight.
The reasons for the run-up seem to change as often as...
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