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Freight Industry Faces Crisis as California Diesel Prices Surge

LA Times ·

  1. 1The average price of diesel per gallon in California reached $8.35 this week.
  2. 2Profitability has worsened due to California diesel prices rising more than 60% compared to one year ago.
  3. 3At least 16 freight companies filed for bankruptcy between August and September.

So what's the key point?

Diesel prices in California have risen more than 60% compared to a year ago. Because fuel costs have become so high, it has become difficult for freight companies to make money.

Source LA Times · View original ↗

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