Fuel Prices
Here in the central part of VA, unleaded (87) is $2.85 to $2.91 at most stations. This is about a 12-cent jump in the past week or so.
:sobbing:
What I find odd is that most people still have yet to change their driving habits. Few people car-pool or ride the bus, and "rush hour" still conjures up images of lemmings going into the sea. I have not changed any of my driving, either, although I may use the Sentra instead of the 4Runner if prices go much higher. More likely (in my case) is that I'll just cut back spending on something else rather than driving fewer miles.
Diesel fuel has risen all the way up to $3.19 to $3.29 in our market. I'm a trucker by trade and think that a lot of the owner-operators are really going to be taking it in the shorts. Think about it, folks; a rig that gets six miles per gallon costs 50 cents per mile just for the fuel.....let alone the driver's income, tires, maintenance and the truck payment itself!! Most over-the-road trucks hold 150 gallons on each side, which means that filling both of them with diesel fuel costs more than $900.
:bash:
Times like this make me happy that I'm a company driver and don't have to pay for the fuel. That being said, I would say that it is a safe bet that any employee raises or increases in salary are going to be put on hold for now.
We're going to see the prices of many goods going up, up and up -- as the expense of transportation will be escalating. Ships, trains, planes and trucks all use petroleum-based fuels.
You folks on the West Coast are really getting hammered worse than the rest of us, however.