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FUEL ECONOMY: Sipping Strategies

Published Thursday, June 01, 2006

To say that the forecast for the price of diesel fuel is grim is like saying Hurricane Katrina brought a lot of rain to New Orleans last year. In short, the recent spikes in diesel fuel costs — led by oil prices exceeding $75 a barrel — could add $10.6 billion to the trucking industry's fuel bill this year alone. Based on the Energy Information Administration's (EIA) recent adjustment of its national diesel price forecast to an average price of $2.70 per gallon, the American Trucking Assns. (ATA) projects motor carriers will spend $98.3 billion on fuel in ...

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