Energy prices are at historically high levels. This affects our cost of production and results in fuel surcharges on both inbound and outbound freight. We can no longer continue to absorb these cost increases and are now compelled to institute our own fuel surcharge.
This surcharge will be adjustable; tied to the Department of Energy (DOE) average monthly diesel fuel price.
Link to DOE diesel prices: http://www.eia.gov/petroleum/gasdiesel
The DOE average for the month of October, 2017 was $2.795 per gallon. The energy surcharge is currently $0.0020 per MSI.
Adjustments will be made on the 10th of each month, based on the average price for the previous month. This change will be reflected in the Energy Surcharge line on the invoice.
As displayed in the chart below, for every $.50 change in diesel fuel price per gallon, the surcharge will be adjusted by $.0010 (1/10 of a cent) per MSI.
|Minimum||Maximum||Fuel Surcharge per MSI|
We appreciate your continuing support as we navigate this unprecedented energy situation.