DEF Market Overview
It might not come as a surprise that Texas made the top 10 list. They’re the 2nd largest state in our country, and oil is a big part of their economy. Currently there are 139 active operating refineries in the USA, and just under 100 of them are occupied in these states listed below. It also probably doesn’t come as a surprise that these are typically well paying jobs, and have helped keep the unemployment rates down. Here they are:
Have you noticed the tax changes in your state? Both diesel and gasoline taxes were changed (mostly increased) in ten states effective July 1, 2013. The obvious reason for this seems to be the growing concern for the deteriorating roads and bridges across the country and the lack of additional funding coming from the federal government. I can’t speak for other states, but living in Pennsylvania we have the largest percentage of structurally deficient bridges. Our roads aren’t that much better with all the snow and salt that gets thrown on them. States have now taken it upon themselves to increase taxes to pay for these costs.
The verdict is in and the hours of service law stands up in court. What does that mean for your business? As a Fuelman, I am thinking how will it affect our clients or potential clients? We all know that safety is first and foremost when it comes to this law, but when you run your own business, it really comes down to time management. If you only have X amount of hours in the day to make X amount of deliveries and you can’t do it, that means you’re out buying new trucks and hiring new drivers to get the same amount delivered as before.
Diesel fuel prices and gas prices are still behaving like they have for the past 10 years. In other words, nothing is stable. When you think something is going to be stable with your fleet fueling costs, it changes like the weather.