ATA revises 2006 diesel cost estimate

| 4/25/2006

A new report from the ATA says the trucking industry will spend $6.6 billion more on fuel in 2005 than it did in 2006.

The ATA’s report said the industry will spend $94.3 billion on fuel this year, based on current fuel price forecasts, according to a press release. That’s up from the $87.7 billion that was spent in 2005.

In addition, ATA said the forecast could change because diesel prices could go even higher this year with the switch to ultra low-sulfur diesel, which is scheduled to begin June 1 at the refinery level.