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Diesel prices continue to barely budge, edging up $0.006 for the week

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On-highway diesel prices continued to fluctuate by the smallest of amounts from week to week, rising to a national average of $3.22 as of July 30, an increase of only $0.006 from a week earlier and exactly 1 cent above where it was June 25, according to the U.S. Energy Information Administration (EIA).

The national average diesel price has teetered like an anemic seesaw for 13 weeks now, rising seven times and falling six in that span, working out to a net gain of 5 cents since May 7. The price changed by less than 3 cents in 11 of those 13 weeks.

In this past week, every region except the Rocky Mountain region experienced a small price increase, with the Midwest region having the only changed of more than a penny, rising by $0.014. The Lower Atlantic region saw a gain of $0.009. They were the only two regions that finished with a larger gain than the national average.

Diesel prices on the West Coast were at a virtual standstill, rising by $0.002. Taking away California, the rise was only $0.001.

The drop-off in the Rocky Mountain region was $0.008, leaving it at $3.361. The region’s year-to-year increase stands at $0.746, the highest outside the West Coast region, including California.

Despite a gain of $0.004, the Gulf Coast region, is for the second straight week the only region where diesel prices stand below $3. The price for a gallon of diesel there is $2.997.

Oil futures rose July 30 with the U.S. benchmark closed at $70.13, finishing above $70 for the first time since July 10. Brent crude rose 68 cents to $74.97 a barrel on London’s ICE exchange.

Click here for a complete list of average prices by region for the past three weeks.

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The Nation

Love’s, its customers raise more than $3.75 million for children’s hospitals

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Love’s showed additional support for CMN Hospitals on National Coffee Day, which took place September 29-30 during the store campaign. To honor the day, all hot beverages were discounted to $1, with sales going to CMN Hospitals. (Courtesy: LOVE'S)

OKLAHOMA CITY — Love’s Travel Stops & Country Stores and its customers raised more than $3.75 million for sick and injured children through its five-week store campaign to raise funds for Children’s Miracle Network Hospitals. In the 20th year of the campaign, the company surpassed its goal of $3.6 million and set a company record for the most money raised during a campaign.

“We are so thankful to our employees and customers who not only donate at our stores, but who also go out of their way to raise money for sick and injured children in creative ways,” said Jenny Love Meyer, vice president of communications for Love’s. “Each year, we enjoy seeing communities come together for this effort and we couldn’t be prouder to have raised over $3.75 million for this year’s campaign.”

From August 26-September 30, customers could purchase Miracle Balloons, round up to the nearest dollar at registers or pumps or participate in events like 5k runs or fishing tournaments to donate money to CMN Hospitals.

Love’s showed additional support for CMN Hospitals on National Coffee Day, which took place September 29-30 during the store campaign. To honor the day, all hot beverages were discounted to $1, with sales going to CMN Hospitals.

“We are excited about the results of this year’s Love’s fundraising campaign,” said John Lauck, president and CEO of CMN Hospitals. “Not only did 2019 mark a 20-year milestone of partnership between Love’s and CMN Hospitals but more exciting, Love’s also crossed $31 million in donations to help sick and injured children treated in our hospitals across the U.S.”

Of the 170 CMN Hospitals throughout North America, 107 benefit from Love’s annual campaign.

 

 

 

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The Nation

Average price of gallon of diesel increase half a cent

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The price for the week ending October 14 was 34.3 cents lower than the comparable week in 2018. (The Trucker file photo)

WASHINGTON — The average price of a gallon of on-highway diesel increase four tenths of one cent to $3.051 for the week ending October 14, according to the Energy Information Administration of the Department of Energy.

Normally posted on Monday of each week, the average price chart was released Tuesday because the federal government was closed Monday for the Columbus Day holiday.

All but two regions of the country posted increases led by a 1.9 cent increase in the Rocky Mountain states (Montana, Idaho, Wyoming, Utah and Colorado).

The New England states (Maine, Vermont, Hew Hampshire, Connecticut, Rhode Island and Massachusetts) was the only region showing a decline at five tenths of one cent.

The price for the week ending October 14 was 34.3 cents lower than the comparable week in 2018.

 

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DeFazio asks IG to investigate reports of Chao’s conflicts of interest

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In requesting an investigation of Secretary of Transportation Elaine Chao, Rep. Peter DeFazio cites newly-obtained information from a recent media report that suggested Chao used her office to give preferential treatment to organizations and projects in Kentucky where her husband, Senate Majority Leader Mitch McConnell is currently seeking re-election. (ASSOCIATED PRESS)

WASHINGTON — The chairman of the House Transportation and Infrastructure Committee is requesting an investigation into Secretary of Transportation Elaine Chao and her reported conflicts of interest.

Rep. Peter DeFazio, D-Ore., made the request in a letter to Department of Transportation Inspector General Calvin L. Scovel III.

The letter, sent October 11, cites newly-obtained information from a recent media report that suggested Chao used her office to give preferential treatment to organizations and projects in Kentucky where her husband, Senate Majority Leader Mitch McConnell, R-Ky., is currently seeking re-election.

Politico reported that 25% of Secretary Chao’s meetings with local officials between January 2017 and March 2018 were with individuals from Kentucky.

DeFazio said the report noted that requests for meetings with Chao are typically forwarded from McConnell’s office to Chao’s chief of staff, who previously worked on McConnell’s Senate campaign, DeFazio wrote.

The Office of the Secretary of Transportation took exception to DeFazio efforts.

DeFazio said the Politico report followed an earlier report that Chao had asked her chief of staff to serve as an intermediary between her office and McConnell’s office, and that he had helped advise the senator and local Kentucky officials on federal grants of particular significance to McConnell.

“These allegations were first raised by left wing advocacy groups and hashed out in the media, and the department has previously fully responded to them. They are politically motivated and intended to waste time. While the Department will always be cooperative and responsive to appropriate requests, DOT looks forward to a prompt and final resolution of these questions,” a DOT spokesman told The Trucker Tuesday.

“Allegations included the steering of discretionary grants to fund these projects,” DeFazio wrote.  “I would expect Secretary Chao to meet with individuals from her home state more regularly than other states, but the sheer volume of meetings with local officials from Kentucky when compared to meetings with local officials from the rest of the country creates an appearance of favoritism that is troubling.  Even more troubling is the fact that McConnell’s campaign touted the Politico article on social media saying, ‘Mitch McConnell is a Kentucky Asset.’”

DeFazio said news reports have also raised questions about Chao’s adherence to her federal ethics agreement in which she agreed to divest certain assets to prevent her personal finances from creating conflicts of interest.

In particular, it has been reported that the secretary retained stock in Vulcan Materials, a stone and asphalt producer, as opposed to accepting a cash payment for her stock options in the company, as provided for in her ethics agreement.

 

 

 

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