Last night I while watching the news on TV, I saw a story on the cost of diesel fuel. Where I live I understand that diesel fuel runs about 60-80 cents more per gallon than what I pay now for unleaded. The news story showed a trucker filling his tank, and the total bill came in around $600!
The story cited the rising cost of oil and increasing demand for diesel in other countries as contributing factors to the rising prices. I am sure that the current value of our dollar has also affected the price at the pump.
Those increasing fuel prices affect the delivery cost of capital equipment. Most freight companies add a fuel surcharge to the cost of delivery. As the price of fuel fluctuates, they adjust fuel surcharges accordingly. One freight company we work with adjusts their surcharges weekly. Read the rest of this entry »