DuraDen
03-09-2005, 08:36 PM
Thought some of you might be interested in the reasons behind our recent misery. These are excerpts from an article I read. This blows...
Mar 02, 2005 (The Oregonian - Knight Ridder/Tribune Business News via COMTEX) -- Diesel fuel is climbing into the stratosphere, straining truckers' profits and mass-transit budgets.
The average price per gallon of die:( sel -- traditionally cheaper than regular unleaded gasoline -- reached $2.60 in Oregon and a nation-leading $2.64 in Washington.
Diesel suppliers are raising prices daily, faster than trucking companies can keep up with the weekly or monthly fuel escalation adjustments most of their transport contracts allow, said Bob Russell, president of the Milwaukie-based Oregon Trucking Associations trade group.
"Last week, diesel went up 10 cents per gallon in one day," he said. "That's huge. At first, it comes out of our hide, but secondarily, it impacts the state's economy. At some point, it'll have a dampening effect."
Prices are expected to peak soon and then decline, according to the Oil Price Information Service, which provides reports to the AAA Oregon/Idaho.
Oil Price analyst Fred Rozell attributes the high diesel prices in the Northwest to production problems, refineries shutting down as they prepare to shift to their summer gasoline blends and diesel producers' need to produce lower sulfur fuel to meet environmental standards in 2006.
In addition, an unusually cold winter in the Northeast caused producers to concentrate more on heating oil than diesel, which tightened supplies and ran up diesel's price. Heating oil has increased -- from $2.179 a gallon last October to $2.469 now, according to Portland's Albina Fuel Co. But the increase has not been as steep as diesel.
http://dieselplace.com/forum/images/smilies/frown.gif
Mar 02, 2005 (The Oregonian - Knight Ridder/Tribune Business News via COMTEX) -- Diesel fuel is climbing into the stratosphere, straining truckers' profits and mass-transit budgets.
The average price per gallon of die:( sel -- traditionally cheaper than regular unleaded gasoline -- reached $2.60 in Oregon and a nation-leading $2.64 in Washington.
Diesel suppliers are raising prices daily, faster than trucking companies can keep up with the weekly or monthly fuel escalation adjustments most of their transport contracts allow, said Bob Russell, president of the Milwaukie-based Oregon Trucking Associations trade group.
"Last week, diesel went up 10 cents per gallon in one day," he said. "That's huge. At first, it comes out of our hide, but secondarily, it impacts the state's economy. At some point, it'll have a dampening effect."
Prices are expected to peak soon and then decline, according to the Oil Price Information Service, which provides reports to the AAA Oregon/Idaho.
Oil Price analyst Fred Rozell attributes the high diesel prices in the Northwest to production problems, refineries shutting down as they prepare to shift to their summer gasoline blends and diesel producers' need to produce lower sulfur fuel to meet environmental standards in 2006.
In addition, an unusually cold winter in the Northeast caused producers to concentrate more on heating oil than diesel, which tightened supplies and ran up diesel's price. Heating oil has increased -- from $2.179 a gallon last October to $2.469 now, according to Portland's Albina Fuel Co. But the increase has not been as steep as diesel.
http://dieselplace.com/forum/images/smilies/frown.gif