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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, straining businesses across Oshkosh, Green Bay, and Fox Valley.
- Director of Georgia State University's Economic Forecasting Center Rajeev Dhawan explains that supply constraints drive increases, as Ukraine knocking out Russia's refineries limits refined product availability globally.
- Rising fuel costs directly impact profitability for towing and delivery businesses. Fox City owner Nick Van said "every mile directly affects" operations, while Mark Arft at Fox Valley Truck reports costs "bite into profit levels."
- Independent truck driver Eddie Ewing said businesses are passing these higher costs to consumers. Vendors at a Farmers Market in Forest Park report raising prices to offset fuel expenses.
- Businesses like Fox Valley Truck are absorbing added costs for now, but Arft warns fuel expenses affect other priorities, such as employee raises, as profitability suffers.
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18 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).
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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