National Average Price for Regular – Current: $2.556; Month Ago: $2.465; Year Ago: $2.148.
National Average Price for Diesel – Current: $2.837; Month Ago: $2.724; Year Ago: $2.393.
http://gasprices.aaa.com/
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in September after rising 0.2% in August. In September, the index equaled 113.9 (2015=100) compared with 115.2 in August. “After hitting a bottom in April, tonnage increased in three of the previous four months, gaining a total of 2.2% before September’s drop,” said ATA Chief Economist Bob Costello. “However, this freight market remains in flux, and the index contracted by 1.1% in September, which erased half of those gains. Additionally, the year-over-year decrease was the largest drop since November 2020 on a very difficult comparison – September 2022 – which was the previous cycle high. While it is likely a bottom has been hit in truck freight tonnage, there could still be choppy waters ahead as the freight market remains volatile.”
Andrew Boyle, ATA first vice chair and co-president of Massachusetts-based Boyle Transportation, went to Washington this week to testify before a Senate Environment and Public Works Subcommittee on the future of clean vehicles. As the manager of a truck fleet with one of the strongest environmental records in the industry today, Boyle injected a heavy dose of reality into the debate happening on Capitol Hill and nationwide over electric-vehicle mandates. In the wake of the U.S. Environmental Protection Agency's decision to let California set de facto national emission standards for commercial vehicles, Boyle's testimony sheds light for lawmakers onto the gravity of these mandates—and how disconnected they are from current, real-world conditions.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in February after increasing 0.4% in January. In February, the index equaled 115.3 (2015=100) the same as January. “February was the first month that the index didn’t increase since July,” said ATA Chief Economist Bob Costello. “Despite a string of gains, the index is still off 1.8% from March 2020. The index is also off 4.2% from the all-time high in August 2019. It is important to note that ATA’s data is dominated by contract freight, not spot market. “Demand for trucking freight services remains strong, but for-hire contract carriers are capacity constrained due to the driver and equipment markets. The spot market has been surging as these carriers can’t haul all of the freight they are asked to move,” he said. “So the fact that the tonnage index hasn’t fully recovered is a supply problem, not a lack of demand. Other ATA data shows that for-hire carriers are operating around 7% fewer trucks, both company and independent contractor equipment, than prior to the pandemic.”