FuelClub Discount

Construction workers say the rising cost of fuel is putting a strain on business.

Eddie Walls with JPD Construction out of Bossier City says, “Sometimes we bid a job and it may be 90 to a 150 days before the job physically starts when you’ve got diesel fuel that goes up like it has the last 90 days you just about losing money when you get started.”

Walls says high fuel prices is causing the cost of some of their supplies to go up as well. “This bedding rock that we use that goes in the sewer has sky rocketed. The asphalt that we’ll be putting down on this street has sky rocketed, it’s all tied to fuel.”
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It was interesting to hear US President George Bush, a failed businessman who destroyed the economy his country and took the world hostage to an illegal war that should have never happened.

President Bush urged Congress today to permit drilling for oil off America’s coasts — on the outer continental shelf — to combat rising oil and gas prices. This is the biggest set up in the history of the world.

When Bush took over Whitehouse in 2001, gasoline price hovered between $1 and $2. Today it is between $4 and $5. This is how Bush and his adminiostration helped the oil price rise:
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The business secretary has issued a warning about inflationary pay rises after tanker drivers working for Shell settled a pay dispute with employers.

The deal came after a four-day strike by the drivers. They had originally wanted a 13% pay rise, and turned down 7%. Their final deal is not yet known.

John Hutton said the deal reflected the particular conditions in the industry.

He said: “There needs to be discipline in public and private sector pay if we are to keep inflation under control.”
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Key milestones in the dollar price of crude oil from below $2 in 1970 to Monday’s record $139.89.

- 1970: The official price of Saudi crude oil is fixed at $1.80 per barrel.

- 1974: The price passes $10 after the first oil shock, sparked by the October 1973 Arab-Israeli war.

- 1979: Oil passes $20 as the Islamic revolution in Iran causes a second oil shock.

- 1980: The price tops $30 for the first time and $39 in early 1981 at the height of the war between Iran and Iraq.
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Here’s a shocker: Electricity bills are heading up. Way up.

Utilities across the USA are raising power prices up to 29%, mostly to pay for soaring fuel costs, but also to build new plants and refurbish an aging power grid.

Even more dramatic rate increases are ahead. The mounting electric bills will further squeeze households struggling with spiraling gasoline prices.

“Consumers now face a tough reality on electricity,” says Mark Cooper of Consumer Federation of America.
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US Airways said it is canceling the leases on aircraft scheduled for delivery, charging for checked baggage, introducing a new in-flight beverage program and increasing fees associated with employee guest and parent travel programs.
“Our industry is profoundly challenged by the dramatic increase in fuel prices, and we must write a new playbook for running a profitable airline in this new and challenging environment,” Chairman and Chief Executive Doug Parker said in a news release.

The airline said jet fuel costs have nearly doubled in the past year, driving up annual energy expenses by $1.9 billion. The company reported a profit of $427 million last year. But fuel now accounts for 39% of total expenses; it was 14% in 2000.
Roughly 300 pilots, 400 flight attendants, 800 airport employees and 200 staff members will be eliminated from the company’s ranks, US Airways said.
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