SET YOUR CLOCKS AHEAD ONE HOUR WHEN YOU GO TO BED SATURDAY NIGHT!
The U. S. on-highway diesel fuel price for the week of March 4, 2019 is an average of $3.076 per gallon. The price has been steadily rising over the past month. Every region in the country showed an increase from the previous week. The largest gap in price was between the Gulf Coast Region and California. In the Gulf Coast Region, the price was $2.870 per gallon. In contrast, California came in at $3.779 per gallon!
U.S on-highway diesel prices for the week of 2/25/19 rose .042 cents per gallon to an average of $3.048. The price also increased in every region of the United States. As usual, the highest price was in California at $3.772. The lowest remained in the Gulf Coast at $2.849 per gallon.
DUE TO SEVERE WEATHER THROUGHOUT THE COUNTRY, MANY STATES HAVE IMPOSED VEHICLE RESTRICTIONS ON CERTAIN ROADWAYS. THIS MAY DELAY SHIPMENTS. REFER TO YOUR LOCAL DOT WEBSITE TO VIEW THE ROADWAYS AFFECTED.
STAY SAFE!!… https://www.fhwa.dot.gov/about/webstate.cfm
Most people believe that Presidents Day is to celebrate George Washington’s and Abraham Lincoln’s birthdays. In reality, the third Monday in February is the established day to celebrate all of the U. S. Presidents. In its modern form, Presidents Day is used by many patriotic and historical groups as a date for staging celebrations, reenactments and other events,and in true American style-Presidents Day Sales!
The U. S. average retail price of diesel was unchanged the week of February 4 at $2.965 a gallon. This price is nearly eleven cents cheaper (2018).
The average price increased in three regions…East Coast…Central Atlantic and Lower Atlantic, and dropped in all the other.
Late yesterday New England Motor Freight (NEMF) filed for bankruptcy and will be going out of business. This will impact over $400 Million of capacity in the market when LTL carriers were already flush with business.
Vincent Colistra, a Senior Managing Director with Phoenix Management Services, LLC (“Phoenix”), and Chief Restructuring Officer (“CRO”) for the Company, said, “We have worked hard to explore options for New England Motor Freight, but the macro-economic factors confronting this industry are significant. Following two years of losses, and with continuing and unsustainable rises in overhead as well as a severe industry shortage of drivers, we have concluded that the Company has no choice but to proceed with an orderly wind-down of operations in a Chapter 11 proceeding.”