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!
www.history.com
DALKO RESOURCES WISHES YOU A HAPPY VALENTINES DAY!
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.
www.eia.gov/petroleum
Transport Topics
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.”
The Wall Street Journal article
HAPPY BIRTHDAY MR. PRESIDENT
The U.S. on – highway diesel fuel price for the week of February 4, 2019 is $2.966 per gallon. This price is virtually the same as it was the previous two weeks. Hopefully, this trend will continue. The price decreased in nine regions of the country, and slightly increased in only one area.
It’s that time of year again…Groundhog Day! Groundhog Day always falls on February 2. This marks the midpoint between the winter solstice in December and the spring equinox in March. The world’s eyes will turn to a small town in Pennsylvania to find out if there will be six more weeks of winter or an early spring in 2019. It’s all in the hands of the prognosticator of prognosticators, Punxsutawney Phil. The festivities date back for over a century with Phil emerging from his den every year at 7:20 a.m. The crowd lines up overnight to start partying. There are bonfires, singing, dancing, and fireworks in anticipation of Phil not seeing his shadow. If not, then we will have an early spring. News crews from around the world will be at Gobbler’s Knob to record the event. There are many imposters in the country….but only one Phil. Stop back Monday (2/4/19) to find out what he did or did not see!
www.eia.gov
soltice.com
PXHERE
www.pennlive.com