president of Natso (representing travel plazas and truckstops),
described as shallow an American Trucking Associations' appeal to
each state's attorney general and the Federal Trade Commission to
watch for fuel price gouging.
sad that the trucking industry has decided to ignore the geopolitical
factors that have sent crude oil prices skyrocketing and instead
point fingers at a trucking community partner, America's truckstops,"
Fay said in a letter to ATA President Bill Graves and all 50 state
the decades, crude oil prices go up and diesel prices go up. Then
the price of crude goes down and diesel prices go down," Fay
said. "Although we never hear mea culpas after prices go down,
users unfortunately want to seek out scapegoats when prices shoot
He noted factors
well beyond the control of truckstops and other fuel retailers are
responsible for diesel prices averaging more than $1.75 per gallon
across the United States, hitting close to $2 a gallon in parts
of the Northeast.
Fay pointed to crude oil prices, which are hovering at a two-year
high of more than $36 a barrel – double the $18 per barrel price
from just one year ago. The price has skyrocketed as supplies have
tightened, largely due to the possibility of war with Iraq and a
more than two-month long strike by Venezuela's oil industry, which
has reduced that country’s daily oil production to 3 million barrels
from 500,000 barrels a day, Fay said.
welcomes any investigation by attorneys general, but remind them
that there have been myriad investigation over the last several
decades. Not one single investigation has ever turned up evidence
of gouging or price-fixing," Fay said.