Diesel Fuel Prices & Trucking Industry

The recent surge in the cost of heating unmannered, diesel motor fuel, and gasoline in the United States has had significant impact on many sectors of the U.S. economy, but most importantly it has had quite a devastating affect on the trucking industry. This is important cod to the fact that nearly 70% of U.S. communities rely solely on trucking for their supplies (ATA 23). If the government continues its trend of non-intervention and refuses to place pressure on OPEC, the prices will continue to soar well over the two-dollar mark, and find the trucking industry as a whole to chuck out down bringing the U.S. economy to a grinding halt. What is the evidence that gasoline and fuel prices are so high? virtually people believe it is be hit of OPEC raising the price of oil. This answer is only when partially true. In fact, there are several others factors that mustiness also be taken into account when determining the answer of high fuel prices in the United States and in other move of the world. The main reason for the price increase is that OPEC (Organization of oil Exporting Countries) has decided to cut back on its oil merchandise. What is the reason for this?

Simply stated, OPEC knows that they have the United States under their govern in terms of what price they want to sell crude oil to us at, and how oft they want to ship. With the present economic prosperity in the U.S., it didnt take long for OPEC to seize the opportunity to make more money by cutting production of crude oil, and thus forcing consumers to pay more for fuel. Just how much higher are prices you ask? Crude-oil prices in early demo hit $34 a barrel, while a family earlier it was selling for $12 a barrel, which is nearly a 75% price increase since last year. This equates to an additional 48 cents a gallon (Logistics Management 15). Another key cause to the price inflation issue is the extended period of bitter cold weather that loomed in the northern and midwestern parts of the U.S. throughout the... If you want to get a full essay, put up it on our website: Ordercustompaper.com

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