Posted by: rbmcarriers | May 22, 2008

Oil Prices Soar Again

This seems now to be a daily occurrence with no visible end in sight.  We cannot stop driving, we cannot stop transporting merchandise ………… but at what cost to the end consumer?  There is no denying that high oil prices hit everyone, there is no escape.

The trucking industry has always tried to carry full loads to cut costs and of course maintain a constant flow of money.  Sometimes though the customer dictates and trucks are forced to travel under capacity.  RBM Carriers continue to obtain full loads to reduce costs for us and our customers.  Just like car pooling to save on gas.

Today’s Trucking posted this article yesterday about soaring oil prices which you can read below.

Oil price per barrel taking off

WASHINGTON — Oil prices soared again today topping $132 a barrel for the first time ever, after closing at a record $129 on Tuesday.

According to the Associated Press, the price opened at $130 before climbing two more dollars by midday after a U.S.
government report showing a surprise drop in crude stockpiles.

Yesterday’s peak price came just as the House passed a bill that would allow the U.S. Justice Department to sue OPEC for limiting oil supplies and setting prices.

Despite the White House threatening a veto, the bill passed overwhelmingly by a vote of 324-84.

Here in Canada, diesel prices are averaging $1.38 a liter — still considerably higher than gasoline.

In Atlantic Canada, where prices are always highest, truckers have watched fuel surpass well over $1.50 and even approach $1.70 in parts of Newfoundland and Labrador.

In St. Johns and Gander, diesel averages $1.56 this week. It hit $1.63 a liter in Labrador City.

Southern Alberta continues to have the lowest average price of about $1.30. In Southern Ontario, pump prices average between $1.30 and $1.38 this week.

Advertisements

Responses

  1. […] at what cost to the end consumer?? There is no denying that high oil prices hit everyone, there ishttps://rbmcarriers.wordpress.com/2008/05/22/oil-prices-soar-again/How gas prices got to be near 4 a gallon The Arizona RepublicYou think you feel helpless at the gas […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: