Rising diesel prices clobbering Illinois trucking companies

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The average price of diesel fuel nationally is now at $5.29 a gallon — about twice as much as a year ago.

, hundreds of new trucking companies started up in Illinois in response to the demand for home delivery of everything consumers were ordering online. Illinois now has about 43,000 trucking companies, big and small, employing about 350,000 workers.

You might think service station owners would be enjoying this round of near-record high fuel prices, but think again. Some drivers are cutting way back and the amount of gallons that stations are pumping has dropped 20% in some parts of Illinois. "For my members, it's made life difficult. They're selling less gallons. And I think in the border areas, where you have taxes that are so much lower in neighboring states such as Missouri, for example, it's much worse. They're selling a lot less gallons," said Josh Sharp, CEO of Illinois Fuel Retail Association.

 

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Price of diesel hits all-time high, straining the trucking industryThe price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia's invasion of Ukraine. It's like they are doing all they can to destroy the economy on purpose. And yet diesel is so cheap that protesting truckers could afford to drive aimlessly in circles around Washington DC. Diesel is cheap. A friend of mine is having difficulty paying for diesel to run the family owned business which encludes the operation of diesel trucks. Too much too fast, Rome was not built in a day. The Dems political agenda is destroying our economy and the welfare of the public. STOP!
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