AAA Daily Fuel Gauge Report for Friday, 1/19/24

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 8.7% in June after falling 1% in May. In June, the index equaled 115.3 (2015=100) compared with 106.1 in May. May’s drop was unrevised at -1% from our June 23 press release. Compared with June 2019, the SA index contracted 1.3%, the third straight year-over-year decline, but the smallest over that period. Year-to-date, compared with the same period in 2019, tonnage is down 2.4%.

National Average Price for Regular Unleaded Current: $2.166; Month Ago: $2.193; Year Ago: $2.628. National Average Price for Diesel Current: $2.377; Month Ago: $2.401; Year Ago: $2.996.

FedEx Express, FedEx Ground and FedEx Freight will increase shipping rates beginning January 4, 2021. These rate changes enable FedEx to continue investing in service enhancement, fleet maintenance, technology innovations and other areas to serve customers more effectively and efficiently. FedEx Express shipping rates will increase by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services. FedEx Ground and FedEx Home Delivery shipping rates will increase by an average of 4.9%. FedEx SmartPost shipping rates will also increase. FedEx Freight shipping rates will increase by an average of 4.9% for customers who use FXF PZONE and FXF EZONE, and by 5.9% for customers who use FXF 1000 and FXF 501 for shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands) and between the contiguous U.S. and Canada. FedEx Freight shipping rates will also increase for shipments within Canada, within Mexico, and between the contiguous U.S. and Mexico. Details of all changes to rates, surcharges and fees are available on the FedEx website at: http://fedex.com/rates2021.