Low fuel prices beneficial for trucking companies and consumers

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JOPLIN, Mo. – Fuel prices are falling not just for car drivers, but for truck drivers as well and while the price of diesel fuel isn’t tanking as quickly as gasoline the drop is still making a difference.

The price for diesel fuel has always had an impact on prices of goods you buy at the store. CFI’s Vice President of Maintenance, Randy Cornell, says that’s because they have to pass on fuel costs to the customers they ship for. “We also have what’s called fuel surcharges with the customers so that it helps to keep us whole on fuel, not exactly, but it somewhat keeps us whole so when fuel prices go up extremely high we’re passing those costs onto the customer so it helps offset that cost for us.”

But now, with diesel prices down, Cornell says it’s helping their bottom line, which means it’ll help your bottom line. “So fuel cost is one of our top 3 expenses at CFI, we’ll buy 35 million gallons of fuel a year so you can imagine the expense involved in that, so lower fuel prices definitely help us in the long run, but it also helps the customer that we’re hauling the freight for which ultimately helps the consumer.”

Marcus Fitzgerald drives for Halvor Lines out of Superior, Wisconsin. He’s had an opportunity to view diesel prices across the country. “They’ve been dropping, all over the United States, been coming down, not as much as gasoline because there’s more truckers still trucking to keep the shelves stocked.”

And while he’s enjoying the lower prices, he says, it won’t last. “You’re hopeful but it ain’t gonna happen, supply and demand, over 2 million truck drivers going, so, and our fuel mileage is 8 miles per gallons on the average, so I wouldn’t, it’s helping right now, but I don’t foresee it for a long future.”

CFI officials say they use preferred fuel providers for their drivers which offers discounts and helps further reduce their costs.

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Editor is WebTech Group (WTG). WTG is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. Site is owned and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
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