According to NBC news this morning the effect of the $100 per barrel oil will hit us in about 3 weeks. National average for gasoline $4.00 +. Based on todays pricing that would put fuel at $4.25+ in the Midwest. How much longer can the companies continue to pass this expense on to their customers? And how long before everything is so expensive each person is directly affected. I am not doom and gloom like some but this is getting pretty hairy.
How long before $4 + fuel
- Thread starter Robsdad
- Start date
Tennesseahawk
Veteran Expediter
Companies had to deal with high prices before deregulation. Now, they have to deal with high fuel prices. We're not a charity out here. Customers have had the benefits of low-ball prices since the 80s. It's about time shipping prices caught up with inflation. Right now, it's just hanging loose with the fuel prices.
I hear the tiniest violin playing for customers right now.
Maybe some good will come out of this. Those companies that undercut the competition will either raise their rates, or be put out of business. That, in turn, should raise rates for us. But as long as you have a line of trucks waiting for orientation at carriers that give "estimated surcharges" that end up be ZERO surcharges, it'll just take that much longer. And I have no sympathy for those contractors who would put up with tactics like that. Ultimately, THEY are the fools who ruin it for the rest of us!
I hear the tiniest violin playing for customers right now.
Maybe some good will come out of this. Those companies that undercut the competition will either raise their rates, or be put out of business. That, in turn, should raise rates for us. But as long as you have a line of trucks waiting for orientation at carriers that give "estimated surcharges" that end up be ZERO surcharges, it'll just take that much longer. And I have no sympathy for those contractors who would put up with tactics like that. Ultimately, THEY are the fools who ruin it for the rest of us!
Hawk I agree. My operating cost like yours have increased and continue to do so. As long as the FSC keeps up with the fuel increase it will be business as usual. I'm just concerned , where is the stopping point? They have all the oil and soon will have all the money it looks like.
Tennesseahawk
Veteran Expediter
Too much, and we'll go the way of...
USSR
China
Cuba
Venezuala
Vietnam
You get the idea. Too much greed by the big-wigs, and too much pampering of the big corps usually turns into a revolution. Unfortunately, not the kind we want.
USSR
China
Cuba
Venezuala
Vietnam
You get the idea. Too much greed by the big-wigs, and too much pampering of the big corps usually turns into a revolution. Unfortunately, not the kind we want.
R
riverrat
Guest
folks we are in a recession caused by fuel prices, it just hasn't been formally announced by the government yet, and unlike the 2001 recession if won't be controlled by consumer spending as the consumer has nothing left to spend and now that everyone is so deeply in debt, the country will not be able to borrow their way out this time.
Our elected officials need to realize that they have sold this country down the river, not a one of them has clean hands they all take gifts from special interest groups and sell their votes to the highest bidder, corruption along with greed has caught up with us as the money has shifted from the what used to be middle class to a very few rich people that now dictate what whay things are going to go and believe me they are not looking out for the welfare of the citizens only themselves.
freight rates will remain as they are or possibly even drop mainly because truck drivers have lost the courage to stand together and be heard some have tried, for months people have posted on a lot of sites and talked on the radio I have even seen it written on the stall walls about a shutdown starting TODAY, yet when I looked around the sites this morning for information about it all I seen was people gloating and saying see I told you it couldn't be done so when the rats fall and the fuel and expenses go on up and you can no longer afford to eat, it truely be the truck drivers fault.
I really do wonder what has happened to this country , we, as all great empires have done are now in decline and the fall is going to be hard, fast and very painful, keep in mind the fall of the ussr just a few short years ago
t
Our elected officials need to realize that they have sold this country down the river, not a one of them has clean hands they all take gifts from special interest groups and sell their votes to the highest bidder, corruption along with greed has caught up with us as the money has shifted from the what used to be middle class to a very few rich people that now dictate what whay things are going to go and believe me they are not looking out for the welfare of the citizens only themselves.
freight rates will remain as they are or possibly even drop mainly because truck drivers have lost the courage to stand together and be heard some have tried, for months people have posted on a lot of sites and talked on the radio I have even seen it written on the stall walls about a shutdown starting TODAY, yet when I looked around the sites this morning for information about it all I seen was people gloating and saying see I told you it couldn't be done so when the rats fall and the fuel and expenses go on up and you can no longer afford to eat, it truely be the truck drivers fault.
I really do wonder what has happened to this country , we, as all great empires have done are now in decline and the fall is going to be hard, fast and very painful, keep in mind the fall of the ussr just a few short years ago
t
greg334
Veteran Expediter
I don’t agree that the recession was caused by fuel prices; I think that fuel prices is a small mitigating factor but more to the fact that we actually overextended ourselves as a society and live with the entire country based on deficit spending for the last 70 years. Tie this with the messing around in the money supply going back to the 70’s, it all has caught up with us. The recession can turn into a real depression unless there is a change in attitude of a lot of people about solutions - mainly not to depend on the government.
One thing that is really a problem is not the housing market but the actual intervention into the market to maintain the prices and ‘save’ people who over extended themselves. This really amounts to a total of 6.8% of the entire mortgage debt and out of that 6.8% the total amount of foreclosures amounts to 45% of that 6.8%, which is below the average of foreclosures in the mid 20's and later in the 30's.
We keep seeing lowering of the interest rate to ‘help’ everyone but this offsets any gains we had with the dollar and makes the inbound investment of foreign money impossible, which in turn takes more money off shore and away from us where it is needed.
We need to do several things; one is to push for tax reform. Yes the Fair Tax. As much as many will not say this will work, it will. It will give us a lot of opportunities to bring back the dollar from its dismal spiral to the abyss by getting countries to invest in us.
The other thing is we must start restricting mega mergers, the anti-trust laws have been ignored for the last two administrations and after 90 something years, we are seeing monopolies again. We have now more mega banks and less shared risk among the many. I think we see this issue from the losses posted from companies like Citi.
One thing that is really a problem is not the housing market but the actual intervention into the market to maintain the prices and ‘save’ people who over extended themselves. This really amounts to a total of 6.8% of the entire mortgage debt and out of that 6.8% the total amount of foreclosures amounts to 45% of that 6.8%, which is below the average of foreclosures in the mid 20's and later in the 30's.
We keep seeing lowering of the interest rate to ‘help’ everyone but this offsets any gains we had with the dollar and makes the inbound investment of foreign money impossible, which in turn takes more money off shore and away from us where it is needed.
We need to do several things; one is to push for tax reform. Yes the Fair Tax. As much as many will not say this will work, it will. It will give us a lot of opportunities to bring back the dollar from its dismal spiral to the abyss by getting countries to invest in us.
The other thing is we must start restricting mega mergers, the anti-trust laws have been ignored for the last two administrations and after 90 something years, we are seeing monopolies again. We have now more mega banks and less shared risk among the many. I think we see this issue from the losses posted from companies like Citi.
wallytrucker1
Expert Expediter
Relax......
You guys all need to relax a little, maybe take one of those chill pills I hear so much about. There is no problem. How do I know this you ask? I saw Hillary on tv last night and she said as soon as she's elected she is going to solve ALL the problems we face:just get rid of those pesky Republicans...Maybe she can get me a good deal on a motor rebuild wile she's at it.
You guys all need to relax a little, maybe take one of those chill pills I hear so much about. There is no problem. How do I know this you ask? I saw Hillary on tv last night and she said as soon as she's elected she is going to solve ALL the problems we face:just get rid of those pesky Republicans...Maybe she can get me a good deal on a motor rebuild wile she's at it.
Falligator
Expert Expediter
All Those Suv Owners
Thanks to:
>When it hits $4.5, you will hear more about the hard reality of having a large SUV that gets >12 MPG and a job 40 miles away.
You won't be seeing too many soccer moms out and about when gas hits 4.50
hmmm i once heard a newscaster on tv saying that we could be headed for a time "worse than the great depression". Now that's scary.
Thanks to:
>When it hits $4.5, you will hear more about the hard reality of having a large SUV that gets >12 MPG and a job 40 miles away.
You won't be seeing too many soccer moms out and about when gas hits 4.50
hmmm i once heard a newscaster on tv saying that we could be headed for a time "worse than the great depression". Now that's scary.
TwoMotherTrkrs
Seasoned Expediter
Give a listen to Coast-To-Coast radio. George and/or Rollye will scare the heck out of you on issues of the economy!
dieseldiva
Veteran Expediter
That's right and all you have to do is pay MORE TAXES and she'll getter done. It's the ultimate regifting!!!
greg334
Veteran Expediter
Yea I heard it too and almost fell out of my chair.
OK....
Let's see - unemployment as somewhere at the level of the depression minus 14 percentage points (except Michigan add 5), we have lower taxes on the rich (meaning anyone who makes over $250K) and we have this rampant education in this country where a lot of the country has gone to or are going to college.
Yep just like the October of '29. The sky is falling.
Oh and let's not forget global warming where we now have a problem in one of the seas where the level is lower then predicted.
I really wish that the journalist in this country, when they make ignorant comments like that one they are subject to the same thing that happened to heretics in the 14th century.
But seriously I do not listen to the media, according to them we have all kinds of crisis going on. I feel we can slip into a depression but it won't be anything like the 30's.
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Everyone will just tighten their already tighten belts, and bury their heads further in the sand( wow maybe they'll hit oil if the go far enough). We've all been sold a bill of goods by our esteem politicians, who we sadly voted in because they all promised something. Our roads are in deplorable condition, and who gets the job to fix them? some out of State company, that's controlled by some out of the country consortium, that is watching with glee as we the people of the United States bury our heads in the sand. The wheels of commerce will keep rolling, the freight will be there for the truckers to haul but it won't be from a company that is based in the United States, it will be a company with more off shore interests that USA interests, whose just milking the rest of the fat off us.
Have I got an answer? Not really just not burying my head in the sand. We can get out of this.... but, it will take time, longer than it took to get in. Perhaps we should only vote for true blue Americans, one's born here. We have 2 States that have Govenors that aren't American... you know it's a start.........
Have I got an answer? Not really just not burying my head in the sand. We can get out of this.... but, it will take time, longer than it took to get in. Perhaps we should only vote for true blue Americans, one's born here. We have 2 States that have Govenors that aren't American... you know it's a start.........
The media is making a huge deal about $4.50 gasoline and $100 oil. The media will cause the price to run up out of their usual stupidity. There's zero reason for it. See below.
The New York Mercantile Exchange confirmed that US crude oil futures traded just once in triple figures. One floor trader, seeking bragging rights and a minute of fame, bought 1,000 barrels (at $100), the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.
The New York Mercantile Exchange confirmed that US crude oil futures traded just once in triple figures. One floor trader, seeking bragging rights and a minute of fame, bought 1,000 barrels (at $100), the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss.
arkjarhead
Veteran Expediter
If things were to get near as bad as they were in the 30s I think the suicide rate would skyrocket. Most people in this country have never been through any kind of hardships. Most are used to having every thing they need plus a bunch of stuff they want. I know one person in particular who spends any extra money he has on video games. I'm talking about a grown man spending over 200 bucks a month on Nintendo stuff. I try to tell him he should save money for a rainy day, but he doesn't want to hear that. He wants what he wants and he wants it now. That's the problem with this country. Everyone trying to get what they want, or trying to out do someone else. Then when they fall on hard times they are frantic because they've blown so much money.
hondaking38
Veteran Expediter
the average american saves a - 1% yep thats negative one percent.... which means we spent 1% ,more then we make on average......the chinese family saves a average of 30% now i agree there 30% doesnt come close to the buying power of our 30% if we were to save it, it just shows ya the downward spiral the average american person is in....so as we are going deeper in debt,(which has to catch up to each individual) the chinese are becoming more financially powerful....well theres a billion of them, and only a few hundred million of us..so who do you think will be a financial empire in the future????
mrgoodtude
Not a Member
I go from dismay, anger and then guilt, really I do cause for some odd a$$ reason I think about it everyday...
Funny in my youth as a very poor lad I was always happy..
Funny in my youth as a very poor lad I was always happy..
Today, there are more people employed in the service sector than in the manufacturing sector.
Service jobs pay less meaning people have less to spend.
So people go to Wally Mart and buy Chinese and 3rd world crap cause it's cheap.
Then a factory in Ohio closes because it can't compete with the cheap stuff because it has safety and environmental rules to follow, pays it's workers a decent wage and healthcare. It throws those people out of work so they have less money to spend.
They go to Wally Mart and buy cheap Chinese crap......
And repeat.
We can save the economy (or at least make it better) if we look on the box, and buy stuff made in places we can drive to.
Made in the USA means the money stays here.
And, it doesn't just happen at Wally Mart, do you know where your truck parts are made when you get repairs done? You might be surprised.
My rant.........thank you.
Service jobs pay less meaning people have less to spend.
So people go to Wally Mart and buy Chinese and 3rd world crap cause it's cheap.
Then a factory in Ohio closes because it can't compete with the cheap stuff because it has safety and environmental rules to follow, pays it's workers a decent wage and healthcare. It throws those people out of work so they have less money to spend.
They go to Wally Mart and buy cheap Chinese crap......
And repeat.
We can save the economy (or at least make it better) if we look on the box, and buy stuff made in places we can drive to.
Made in the USA means the money stays here.
And, it doesn't just happen at Wally Mart, do you know where your truck parts are made when you get repairs done? You might be surprised.
My rant.........thank you.
