GROAN! The price of diesel rose 2 cents to an average on-highway price of $2.849 per gallon last week, the highest it's been since late April. At least we're not paying the $3.35 I paid to fill my Ford last night; then again, it takes a lot more to fill my rig than my truck.
Since April's high of $2.851, diesel prices nationwide had been falling until recently. Now they seem to be rising slowly but steadily, reflecting increasing oil prices. The lower Atlantic states took the biggest hit with prices increasing 3.1 cents to $2.81 a gallon. The highest average prices are on the West Coast where a gallon of diesel costs $2.987. It's probably not going to get any better for the foreseeable future. The International Energy Agency predicts that worldwide demand for gas and oil will be higher than expected through 2012 with tightening supplies.
More bad news: The feds want another study before they fix the hot fuel problem. The National Conference on Weights and Measures this week decided to study the problem before requiring the installation of costly temperature compensation controls on retail pumps. Of course NATSO, the organization that represents the truck stops and travel plazas that would have to shell out the bucks, hailed the decision as good business sense. As we noted in our June 12, 2007 blog post, the Owner-Operator Independent Drivers Association (OOIDA) has been lobbying for temperature compensation controls at pumps for some time. Running on hot fuel can significantly decrease mileage per gallon, as we well know.
Let's hope the feds don't drag their feet studying the issue to death. Can't understand what's to study. Facts are facts. Hot fuel puts less usable fuel in your gas tank. All we need to do is look north to our Canadian brothers where temperature compensation kits on fuel pumps are standard. Fuel sellers seem to be making plenty of money. It's time the feds did something for the drivers!