Domestic Market Updates –
Diesel Update: The average price of diesel increased 0.001 cents a gallon, putting the average price of diesel at $3.540 a gallon, according to the U.S. EIA.
Starting in the new year, several states will implement fuel tax increases, including Minnesota, Florida, and Utah. According to Transport Topics, Minnesota’s state motor fuel tax will rise by nearly 12%, reaching 31.8 cents per gallon for diesel, gasoline, biodiesel, and other fuels. In Florida, the state diesel tax will increase to 21.5 cents per gallon, while county tax rates will rise to 17 cents per gallon. Meanwhile, Utah will see a 2-cent increase in fuel taxes for both gasoline and diesel, bringing the total to 38.5 cents per gallon.
Port of Montreal Labor Talks: In a mutually agreed upon decision, both the MEA (employers) and the CUPE 373 Union have decided to enter a mediation process for a timeframe of 90 days. In a joint release, both parties stated they will not be making any public statements throughout mediation.
Operations have since resumed at the port after the work stoppage.
Weather: With Interstate 40 still closed through the Pigeon River Gorge following Hurricane Helene, it has posed significant challenges for tractor-trailer drivers traveling between North Carolina and Tennessee, per Transport Topics. Officials from both states are urging drivers to stick to approved truck routes and avoid relying solely on their GPS navigation systems. This is due to drivers mistakenly ending up on narrow two-lane mountain roads, where they sometimes get stuck.
As we mentioned in last week’s edition of Road Map, Interstate 40 is expected to partially reopen through Pigeon River Gorge around January 4th, 2025.
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