As Diesel Climbs, Shippers Prepare for Higher Costs

Diesel Climbs 7.5¢ to $2.876 a Gallon

With this week’s increase in the price of diesel fuel of 7.5 cents per gallon, the price of a gallon of diesel fuel has now risen by 13.8 cents in the past two weeks, according to Energy Information Administration data released Feb. 16.

The price of trucking’s main fuel now costs just 1.4 cents a gallon less than at this same time in 2019.  This week’s rise in diesel marks the largest since a 9.4-cent surge Sept. 23, 2019 and just the second of at least 6 cents since Dec. 21, 2020.

The price of a gallon of gasoline increased 4 cents to $2.501. That is 7.3 cents more than at this same time a year ago.

How can shippers take control of rising costs?  One way is to make sure you are auditing your parcel and freight bills.  Another is to negotiate better rates.  We do that and more.  Contact us today.