How are you dealing with rising fuel prices?

Average diesel prices top $4; nearing record 2008 figures

Remember back in 2008 when fuel prices went through the roof and had a disastrous impact on businesses? How can you forget? Well, it’s looking like 2008 all over again.

This week, the average cost of diesel jumped over $4 per gallon, $4.017 to be exact, according to AAA. The U.S. Energy Information Administration this week reported the average price of diesel fuel topped $4 in about half of the U.S. regions, the highest being in California, with a current price of $4.32. Regular unleaded gas averages $3.72 this week, AAA reports.

We still have a little ways to go to beat the highest recorded average fuel prices, logged in July 2008. But it’s creeping toward a new record. The all-time high average is $4.85 for diesel and $4.11 for regular unleaded.

When prices spiked in 2008, businesses reported erosion of razor-thin profit margins. Many pumping companies instituted service price hikes and fuel surcharges to help deal with more of their revenues being pumped into fuel tanks every week. When prices fell heading into 2009, many of the same contractors backed off on fuel surcharges that were unpopular with customers.

The question is: What are you doing today to deal with the price crisis? Are you bringing back fuel surcharges? Raising your rates? Or just hoping prices come down before you have to take any action?

Share your strategy with the pumping community. You can join the conversation by filling in the “comments’’ box below. 



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