Published • loading... • Updated
Record Diesel Prices Strain Local Transport Business
AAA says Wisconsin diesel averaged $6.10 a gallon, forcing trucking, towing and delivery firms to absorb higher fuel costs.
- On Tuesday, Wisconsin's average diesel price reached a record $6.10 per gallon, according to AAA, adding costs for businesses in Oshkosh, Green Bay, and Fox Valley.
- Director of Georgia State University's Economic Forecasting Center Rajeev Dhawan explained that supply constraints drive increases, noting Ukraine knocking out Russia's refineries limits refined product availability globally.
- Towing and delivery companies, including Fox City and Fox Valley Truck, struggle with fuel expenses. Owner Nick Van said every mile directly affects profitability, while Mark Arft notes rising costs bite into profit levels.
- Independent truck driver Eddie Ewing said businesses are passing higher costs to consumers. Vendors at a Farmers Market in Forest Park report they have raised prices to offset rising fuel expenses.
- Businesses like Fox Valley Truck are largely absorbing added costs for now, but Arft warns fuel expenses affect other priorities, such as providing annual employee raises.
Insights by Ground AI
15 Articles
15 Articles
US President Trump is downplaying the impact of the Iran war on the US population. Nevertheless, they can be felt, and how. The price of a gallon of diesel is rising to a record level. This circumstance not only makes fuelling in the US significantly more expensive.
The gallon (3.78 litres), averaged $6,2694, according to the American Automobile Association (AAA).
·Paris, France
Read Full Article
Coverage Details
Total News Sources15
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
To view factuality data please Upgrade to Premium
