September 30, 2004
"The marine highway is facing $9 million in extra fuel costs, due to the rising price of crude oil, which topped $50 per barrel this week," said Deputy Commissioner for Marine Transportation Tom Briggs. "Our FY 05 budget was based on 81 cents per gallon for diesel fuel, but our billings through mid-August have averaged $1.43 per gallon. Increasing the cost for the car deck and staterooms by 10 percent will help fill that shortfall."
Briggs said the surcharge would
remain in place until the price of fuel comes back down to a
level that would warrant removing it.
Source of News Release: