The average cost of a gallon of diesel has hovered above $2.90 recently, up 33 percent from the year before. While the West Coast has endured the highest prices ﾖ California is averaging $3.24 a gallon ﾖ prices in the Rocky Mountains and the Midwest have risen the fastest, at 35 percent since last year.
Fuel costs are burning the bottom lines of all distributors. Fastenal, for example, has seen its fuel costs double over the past two years. The company, which runs its own fleet of delivery vehicles, reported fuel costs averaged $1.2 million per month in first quarter 2005 and steadily climbed until they hit $1.8 million a month in the first quarter 2006. But just two years ago, its fuel costs averaged $0.9 million a month. In its annual report, Fastenal attributed much of ...
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The average cost of a gallon of diesel has hovered above $2.90 recently, up 33 percent from the year before. While the West Coast has endured the highest prices ﾖ California is averaging $3.24 a gallon ﾖ prices in the Rocky Mountains and the Midwest have risen the fastest, at 35 percent since last year.
Fuel costs are burning the bottom lines of all distributors. Fastenal, for example, has seen its fuel costs double over the past two years. The company, which runs its own fleet of delivery vehicles, reported fuel costs averaged $1.2 million per month in first quarter 2005 and steadily climbed until they hit $1.8 million a month in the first quarter 2006. But just two years ago, its fuel costs averaged $0.9 million a month. In its annual report, Fastenal attributed much of ...
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