fuel prices

Diesel price climbs for first time in three months

The national average retail diesel price rose 3.5 cents a gallon during the week ended July 9, ending a 12-week streak of price decreases.

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Irish truckers report on South Korean truckers’ strike

An estimated 80 percent of the 380,000 total South Korean truckers were reported to have gone on strike "demanding the introduction of standard freight charges, a 30 percent rise in transportation fees and revised laws on labour rights," reported the (you're hearing right) Irish Trucker Magazine. News travels faster than on-highway rigs, eh? Platts reports the truckers are striking over high fuel prices, demanding further government subsidies. According to the Korea Herald, the stoppage comes on ...

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Diesel price continues fall, at 5-month low

The national average retail diesel price fell 5.1 cents to $3.846 a gallon – the lowest price in five months.

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What does your fuel surcharge look like?

A poll that asks for owner-operators' thoughts on the use of fuel surcharges as a cushioning agent against spikes in fuel prices sparked some discussion on Facebook last week. Owner-operators Linda Caffee, Jeff Clark and others were involved, Clark taking the point of view that fuel surcharges were merely a utility for negotiating long-term rates in contracts with shippers. The fuel surcharge "is a convenience, especially for longer-term contracts with regular customers," Clark wrote. "Otherwise every load ...

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Diesel prices drop below $4 for first time in 3 months

The national average retail diesel price fell 4.8 cents to $3.956 a gallon.

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Oil gamble on Wall Street? Speculation back in the headlines

President Obama is hammering on oil speculators again, while Republican opponents such as House Speaker John Boehner and presumptive presidential nominee Mitt Romney are calling the talk about speculation hooey, falling back on the same old "drill, baby, drill"-type rhetoric we've heard so much of in recent past. Problem with the latter is, well, we are drilling. Domestic oil production is up. Problem with the former is the very White House task forces on the ...

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Beyond Anti-Idling

Save thousands of dollars a year on fuel by careful use of your right foot — and your head. Don’t ignore driving habits and other strategies to supplement the benefits of minimal idling.

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Diesel price drops 1.2 cents

The average diesel price dropped 1.2 cents per gallon from last week and is down 5.1 cents from the same week in 2011.

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White House aims to protect consumers from oil speculation

President Barack Obama took oil speculators to task last week, asking both his staffs and Congress to take measures to prevent speculators from cheating consumers.

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What are owner-operators’ top five problems?

Readers, I'm beginning research on a story I'm preparing for Overdrive's June issue on which I need as much owner-operator input as is possible. It's one that will probe the five biggest problems owner-operators face in the industry today, offering practical and forward-looking ideas/examples toward solutions to those problems. My main problem, at this point, is how exactly to determine what the top five problems are? There are many pressures on owner-operator businesses today, from the ...

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