If you’ve been to the fuel pump lately, you no doubt will have noticed the plummeting prices of gasoline and diesel fuel. For drivers of cars and trucks of all shapes, sizes, and purposes, this has meant getting a lot more out of a lot less money. But on the whole, what are the long-term effects this massive fuel price drop will have on the trucking industry? Read on to find out!
According to data from the U.S. Energy Department, the trucking industry’s fourth quarter saw a whopping 14 percent drop in fuel prices. Diesel fuel is now averaging below three dollars a gallon, with further decreases expected in the coming weeks. Though these numbers mean that fuel is more affordable, does it follow that they will be good for the industry in the long run?
When trucking companies and fleet owners have to devote less of their money to fueling their trucks, they can use that money on other important things: truck repairs, driver salaries, and additional vehicles. By increasing the amount of money that is spent within the industry itself (instead of being pumped out into the oil industry’s pockets), the opportunity for advancement and improvement in trucking increases as well! Also, with lower fuel prices in the picture, other businesses can return to trucking as their main resource for transport and shipping without breaking the bank.
For the foreseeable future, it looks like fleet owners will be benefiting from lower fuel prices!
Baltimore Freightliner-Western Star
If you’re in the trucking business or are looking to expand your business through trucking, call on Baltimore Freightliner-Western Star to take care of your trucking needs. You can call toll-free at 800-832-7278 or locally at 410-685-4474. You can also shoot us an email with your questions or concerns at email@example.com.
Since 1986, Baltimore Freightliner-Western Star has provided top quality service for the trucking industry. Whether you need to purchase specialized truck parts from our expansive inventory, expand your fleet with our selection of top-tier trucks, or have your company’s trucks serviced or repaired, Baltimore Freightliner-Western Star is the best choice in trucking. Become one of our many satisfied customers today!
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