Trucking companies manage high diesel costs
LEXINGTON, N.C. — Local trucking companies are finding creative ways to manage their money and make up for the high price of diesel fuel while gasoline prices decline.
The U.S. Energy Information Administration reports a 50 to 60 cent gap between gasoline and diesel fuel prices nationwide. As of November 12, the average price of regular grade is $3.44 and for diesel $3.98.
The U.S. Department of Energy reports the pricing difference is based on the supply and demand both in the U.S. and worldwide.
During the winter months, diesel fuel also increases because of the demand for distillate heating oil. The federal excise tax is also 6 cents higher (at 24.4 cents per gallon) than gasoline.
Trinity Transport in Lexington delivers paper and building supplies to different companies, including Lowe’s.
Vice President of Sales and Operations Scott McCall said they are always finding different ways to cut fuel costs.
“We try to plan our routes for our drivers and give them the lowest mileage and the best practical route,” McCall said.
McCall said they get daily reports of the lowest prices for their drivers and buy the other half in bulk at a cheaper rate.
McCall said they are always looking for ways to spend their money because they do not anticipate a reduction in diesel fuel prices anytime soon.