Diesel Prices Back on the Rise in the US

 

Diesel-Prices-Back-on-the-Rise-in-the-US

Consumers were shocked as the diesel prices suddenly took a progressive leap. The prices which have remained constant after the increase in the first quarter wasn’t expected to take a turn. However, in mid-April, consumers woke up to the sudden hike in diesel prices.

All regions of the US were affected by the hike; the West Coast felt the most hit by the hike in diesel prices more than the California region. The cheapest fuel is $4.916 per gallon in the Gulf Coast region. California sells the most expensive  at a rate of $6.277 per gallon.

This is no doubt the most expensive the US has experienced since 2008. The lament about the hike is more on the part of direct consumers like the trucking industry. However, everyone is feeling the effect of the hike because the hike influences almost all nation sectors.

Causes of The Hike in Diesel Prices

The Russia-Ukraine war cannot be excused from the hike in diesel prices. The war resulted in supplies from Russia being cut off. According to Bloomberg, the surge in prices keeps soaring due to the war. While Bloomberg’s view is correct, the war made the situation worse.

The price surge is also as a result of the Covid-19 pandemic which affects the auto transport industry. However, with the resumption of industrial activities, demand for diesel has increased. This is because diesel is used for almost all industrial activities. The new surge in demand is more than the supply chain can serve.

The supply chain can’t fully cater to the demand adequately. In addition, the need for diesel isn’t at a static level. It keeps increasing as more workers go to work and more industrial activities kick-off.

Effects of The Price Hike on The Auto Transport Industry

The US President is making moves to curtail the current situation and bring it the problem under control. Firstly, directives were given for millions of barrels of oil to be released from the emergency stockpile. While this has helped a long way, it has not eliminated the effects of the sudden hike.

One significant effect of the hike in diesel prices is a change in consumer taste. Consumers now desire to acquire fuel-efficient vehicles. However, due to the shortage in semiconductor chip, brand new cars are not readily available for purchase.

Additionally, the hike in diesel prices affects several trucking companies . Consequently, this has affected the trucking spot rate. With the recent hike in prices, several consumers are concerned with the auto transport costs.

The rate at which new entrants are trooping into the trucking business hasn’t improved the situation. Some of these new entrants lack skill and experience. By implication, the tendency of these new entrants experiencing a market downturn is slim. The only way out for such companies would be to file for bankruptcy.

Let Metti International Help You Ship Your Car

Despite the economic crisis ravaging the nation, Metti International is standing firm. With our years of experience, you can trust us to deliver top-notch auto transport services effectively. Metti International has an A+ rating and excellent customer reviews.

We have outstanding customer service, and we strictly use carriers with 95% or higher service ratings. Hence, ensuring that your car arrives safely and timely. Metti International stands out for excellence. This earned us the BBB Torch Award for Ethics thrice. We are your trusted and reliable car shipping company.

Contact Metti International today at 866.620.1776 or request a quote online. For more information, kindly visit our website at www.mettiintl.com.

Share on social media:

Request A Quote

(866) 620-1776
Get A Quote

Trusted Brands

Frequently Asked Questions

Most major credit cards, postal money orders and cashiers checks are acceptable forms of payment.

As with most transport services, a deposit is generally required when placing an order. Deposits range from 10-25 % of the total shipping cost. The remaining balance will be due upon delivery.

Most auto transport companies accept cash, certified checks, and postal money orders.

Coast to coast trips usually takes between 10-14 days. Shorter trips ranges from 3-7 days, depending on the actual distance. Some factors may delay a trip, including traffic, weather, and truck breakdowns.

Yes, we request you, or a designated person, be present upon pick up of your vehicle. For your safety and your vehicle’s safety, an inspection is performed and a bill of lading must be signed that serves as proof of delivery.

The easiest way to ship an inoperable vehicle is to let us know when requesting a vehicle transport quote. There will be an additional charge, plus loading and unloading charges to your quote, if we are not informed of the vehicle’s condition prior to quoting.

Auto carriers are not licensed to carry house goods or personal items, these goods and items are not covered by the carriers insurance. Any damage to your vehicle due to household goods shifting or breaking is also not covered. Personal belongings left in the vehicle, are shipped strictly at the owners risk. Carriers will not inventory any belongings left in the vehicle and will assume no responsibility.

Your car is insured for the Blue Book value the entire time it is on the truck. Clearly listed on your Shipping Order, Agreement and Bill of Lading are occurrences not covered. At the time of pick up, a condition report is filled out and signed by both the person turning the car over and the truck driver and you are given a copy.

Upon delivery of your vehicle, this same report is presented. You should compare the condition of the vehicle to the report thoroughly at that time. If you feel damage has occurred to your vehicle during delivery, you must note it on the report before you sign it and the driver leaves. Damage done in transit does not relieve the shipper of paying for transport service performed. Claims will be handled by the vehicle carrier and insurance companies.

Metti International offers door-to-door auto transport service where possible. However, there are instances that we cannot collect/deliver directly to the door due to the size of our auto carrier’s trucks. The size of your street may prohibit direct delivery to your door. Also, some towns and cities do not allow trucks on their residential streets. If the carrier cannot get to your door, he will deliver your vehicle to the next most convenient accessible location, such as the nearest major crossing street, a shopping mall or supermarket.

Please have a no more than 1/4 tank of fuel, remove all personal items from your vehicle and have it washed and cleaned so that the ensuing inspection is easily performed. If it is a convertible, T-top, sunroof, etc. make sure all openings are closed and prepared for changing weather. You can find additional tips on how to prepare your car for transport here.