Diesel Increase! And shortage in Colorado

U.S. gasoline demand is projected to average 9.12 million barrels per day in 2011. Americans are expected to travel 8.27 billion miles per day in 2011. This equates to an average of 33 miles per vehicle per day. The markup on gasoline in 2010 was 16.3 cents/gallon, or 5.6 percent, and the federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel.

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Shortage and Increase
Truck stops in Colorado are rationing diesel fuel because of a shortage plaguing the state this summer.
Colorado motor carriers are telling their drivers to top off with fuel outside the state and to fill up their tanks anytime they see diesel available.To help alleviate the shortage, the Colorado State Patrol has granted a waiver to diesel fuel transporters to provide them with greater flexibility in moving intrastate. It is effective through Aug. 18, Fulton said. The association also has petitioned the Federal Motor Carrier Safety Administration for a waiver for interstate commerce, much like the ones that were issued for states affected by Hurricane Katrina.In January 2011, motor gasoline taxes averaged 48.1 cents per gallon and diesel fuel taxes averaged 53.1 cents per gallon. Factoring in all gasoline sales in 2009 transactions whether the customer paid by cash, check or by either debit or credit card ,credit and debit card fees averaged 4.7 cents per gallon.I am sure you have all been reading or hearing about the price of crude oil on its way to $100 and above and diesel fuel and gas prices headed to over $4 a gallon.