December 3, 2022

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The diesel price increase is affecting the trucking industry

The diesel price increase is affecting the trucking industry

Nationwide, truck and truck drivers deal with High diesel prices since this summer. They say they see no sign of these prices dropping.

Chris Chilton is a driver for Lightning Logistics. He says his company added fuel surcharges which reduced his expenses, and it’s the only thing keeping food on his family’s table.

“It makes it harder and harder to budget each week,” Shelton said.

Adam Wright owns Lightning Logistics and says he’s doing what he can to keep it drivers on his feet.

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“We had to go our clients, And we had to say, “Look, this is a unique environment.” Fuel is through the roof now, so we’ve had to go to our customers and charge more for fuel,” Wright said.

Drivers like Chilton say this extra fuel cost has saved his finances.

Diesel trucks stop to refuel in Las Vegas, Nevada. ((Fox News Digital/John Michael Rush)/Fox News)

“Without the fuel surcharge, none of us would be able to operate,” Shelton says.

According to AAA, 1 year ago gallons of diesel fuel It was $3.65 on average. Now, the price is at $5.33. High prices combined with a shortage of truck drivers are hurting the entire industry, Shelton says.

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“In the middle and post-coronavirus, when trucking was in such an influx, a lot of my fellow drivers left to get what we call ‘real jobs’ or go out on their own and independent,” Chilton said.

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Wright also noted that driver shortages are affecting the trucking industry.

A few large trucks of the “People’s Caravan” are parked in nearby streets as thousands of people take part in the “Defeat the Mandate” rally in Los Angeles to protest vaccination decisions designed to slow the spread of COVID-19 outside Los Angeles. (AP Photo/Damian Dovarganes/AP Newsroom)

“There is a shortage of truck drivers and there are a lot of things that need to be moved Supply and demand issueWright said.

They say that the issue of supply and demand can become a supply chain issue. while, US Energy Information Agency, which monitors diesel stocks, says October saw the lowest supply of the fuel since 2008.

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If diesel prices continue to rise and companies can’t get more drivers on the road, Chilton said, that will eventually drive up prices in stores.

Panoramic view of an oil refinery in New Jersey

An aerial view of the Phillips 66 oil refinery in Linden, New Jersey, US on May 11, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images/Getty Images)

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“It starts from me as a gas surcharge just to take something and take it somewhere. Well, the person I’m taking it to has to raise their prices to sell it. And the person I’m taking it to, because I don’t take it to market, I take it to a distributor. Everyone has to step up a bit. And of course, it’s up to me when I go somewhere to buy something,” Shelton said.

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