Home: Message List - How has the increase in oil prices impacted you?

Re: How has the increase in oil prices impacted you?

tnktrucking — Wed, 04 Jun 2008 13:56:33 GMT

Jim,

As a owner of a small company, there is really nothing I can do. I can raise my surcharge higher, (currently 35%) but there is a limit to that. Larger companies can absorb more than I. I can raise my rates, but then I lose competitiveness. It's tough!!! I just hope I can ride out the storm....

Ken

Re: How has the increase in oil prices impacted you?

puzzleman — Tue, 03 Jun 2008 11:10:36 GMT

TnkTrucking, I am curious. Is it still profitable for you to do business? How do truckers break even with the fuel increase so steep? Isn't fuel now one of your highest expenses? What are you doing to reduce your use of fuel?

I would like to know how you are dealing with this situation as some of it may apply to my situation.

Thanks, Jim

Re: How has the increase in oil prices impacted you?

tnktrucking — Mon, 02 Jun 2008 15:18:53 GMT

I own a trucking company, fuel (Diesel) last year cost on average $2.30 to $2.50 per/gal, As of yesterday we paid $4.79 per/gal ( to fill this truck it took 145 gal) do the math, $695.85. You can raise your fuel surcharge (as of today 33%), but only so much, then you price yourself out of the market.

so to answer your question YES IT HAS!!

Ken

Re: How has the increase in oil prices impacted you?

jimmymac — Mon, 02 Jun 2008 14:36:18 GMT

Good morning Metrogal,

Great question.

Small and mid-size businesses (SMB) are acutely susceptible to the negative impact of numerous macroeconomic risk factors. Macroeconomic
risk factors such as inflation, interest rates, market cycles, market
regionalism, credit and labor availability, and fuel costs conspire to
drain profitability and financial health of small and mid-size
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Though issues of scale are principal culprits that enhance the_ negative impact_
of macroeconomic factors on SMB's, other factors such as risk
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We frequently blog on macroeconomic issues that affect small businesses

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We wish all continued success.

Cheers,

James McCallum
973.287.7535
www.sum2.com

Re: How has the increase in oil prices impacted you?

Bluesuit — Mon, 02 Jun 2008 14:14:49 GMT

Over $4.00 a gallon at the pump. Ouch. My company has travel restrictions now on "non-essential travel"

Re: How has the increase in oil prices impacted you?

puzzleman — Mon, 02 Jun 2008 11:49:15 GMT

Matthew, I agree that the greenies are causing some of our problems. Everyone want more electricity for their cars, ipods, laptops, etc. However, no one wants to have a new power plant built. This is why you see so many utilities talking about conserving electricity. Where else do you see a company say "Do not buy our product."? As far as alternative sources other than coal plants, they defeated putting a wind farm in MA due to not having a beautiful view without windmills. Nuclear power which is the cleanest fuel doesn't get a chance because of the spent rods.

Where do we go??

Jim

Re: How has the increase in oil prices impacted you?

Matthew — Sun, 01 Jun 2008 16:46:54 GMT

I hope someone comes up with something new. Did you all know it takes 3 barrels of oil to produce what the equiv. would be to one barrel of oil in clean energy? It doesnt add up right now. Electric power, biofuels, all take coal or oil to create....so really your not going green.

Now some say...well we need to get the saudis to produce more oil. President Bush was lashed for not getting the saudis to make more oil. Think about this though....at these prices where we are today, dont you think the middle east is going to want to produce and sell as much as they can? They basically are at full capacity.

The problem we have is the oil and gas in America is still good in numbers. We have let environmental extremists somehow block expansion of refineries, stop domestic exploratory drilling, and actually have a direct impact. So next time you fill up at the pump make sure you keep greenpeace in mind and thank them for making the problem worse.

Re: How has the increase in oil prices impacted you?

Chris.SBS — Sun, 01 Jun 2008 13:31:52 GMT

I'm excited about a new process being introduced by Bell Bio-Energy, Inc. Google it. It looks like this process is coming soon. Depending on how quickly it becomes available, J.C. Bell could be the saviour of our nation. I'm sure he'll make a couple of dollars in the process.

Re: How has the increase in oil prices impacted you?

hagget — Sat, 31 May 2008 22:39:00 GMT

Hello Business Networking Partners,
The increase in gas prices has touched my family through prices increased in grocery stores and produce markets. I work 30 miles away from home so driving 60 miles 5 days a week. So I found two products that have changed my life www.Biomile.com use Rep.#67632 and Ethos product website www.forearthonline.com/ReduceCO2. I use both products and the gas consumption has been within budget like $40.00 weekly or less. I know of people using $100 a week or more without using gas additives. I use and promote these two products. I also want to mention G-oil from Green Technology that use animal fat instead of petrolium products its being sold in Pennsylvania if you are interested then email me hagvivken@comcast.net. I know the price won't go back down no time soon or never. Be a smart consumer don't use oil from foreign oil invest in Made In America.

Re: How has the increase in oil prices impacted you?

clnshirtz — Tue, 22 Apr 2008 17:57:41 GMT

we are definitley feeling the effects and suspended a service we used to offer that would pick up and deliver dry cleaning. we may re-introduce it, but require a minimum order.