‘We Bleed Diesel:’ Truckers Nearing Worst Price Shock Since 2008

All those having converted at least part of their fleet to LNG might be in for the run of their lives. When the new marine rules come into force, there will be vastly more vessels using diesel instead of LNG for quite a number of years. This might be the jolt LNG as a fuel needed.

Every time Chuck Paar makes the over 500-mile round trip from his home in Mt. Jewett, Pennsylvania, to Buffalo and Syracuse, New York, his 18-wheel tractor trailer carries 25 tons of sand or cement and burns about $265 of diesel in one day. That’s up from as little as $166 for the same route two years ago, and the increased cost of fuel is squeezing already thin industry profit margins.

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