Summer Gas Prices Forecast to increase Slightly

May

12,

2009

As summer gets closer, the Federal Energy Information Administration is forecasting that price of gasoline and diesel fuel will increase slightly, but still remain much lower than seen in the previous year.

Nationwide, gasoline this summer is predicted to average $2.23 a gallon compared to $3.81 last summer. Diesel fuel is expected to average $2.27 a gallon compared to $4.37 a gallon last summer, nationally. According to authorities, there has been less demand for all refined products, due to the recession. They also noted that they are seeing a slight increase in demand for gasoline, indicating consumers are driving more as prices have moved lower.

In other recession news, trucking firm, USA Truck Inc., have reduced employment and other operating expenses. USA Truck showed a first-quarter net income loss of $1.88 million, according to their statement released on April 16th, 2009.

Technorati Tags: diesel fuel, price of gasoline, recession, truck, Trucking, usa truck

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By: Allen Smith

Allen Smith is a 37 year veteran who started at an early age in a household goods family moving business. He began driving straight trucks in 1977 and moved to the big rigs in 1982. His experience within the industry includes; owner operator, company driver, operations manager, and owner of a long distance HHG moving business, taking many of the long haul moves himself when needed. Allen Smith, a truck driver advocate who is driven by the desire to help others succeed within an industry where injustice, unrewarded sacrifice, and lack of respect and recognition exists. Allen and his wife Donna are hosts of Truth About Trucking ”Live” on Blog Talk Radio. Other websites include AskTheTrucker, TruckingSocialMedia, NorthAmericanTruckingALerts, TruthAboutTrucking, and many Social Media websites. In 2011 Allen and Donna hosted the first Truck Driver Social Media Convention, designed to create unity and solutions for the trucking industry. This is now being extended through the North American Trucking Alerts network as those within the industry join forces for the betterment of the industry. Allen strongly supports other industry advocates who are also stepping up to the plate to help those who share honesty, guidance and direction. He believes that all those involved in trucking need to be accountable for their part within the industry, including drivers, carriers, brokers, shippers, receivers, etc… The list of supporters and likeminded people grow daily, networking together and sharing thoughts and ideas for the betterment of trucking. He has coined the popular phrase "Raising the standards of the trucking industry"

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Tagged: diesel fuel , price of gasoline , recession , truck , Trucking , usa truck