|
|
FREIGHT CARRIERS
ASSOCIATION OF CANADA NORTH AMERICAN TRANSPORTATION COUNCIL |
|
|
This
Week In Petroleum
Gasoline Prices at Summer Low before
Labor Day Weekend September 2 - Heading into the Labor Day holiday weekend,
U.S. retail gasoline prices have fallen for three weeks in a row, currently
averaging $2.68 per gallon, the lowest level of the 2010 peak summer driving
season, and the second lowest price at this point in the past five summers This
year, prices peaked on May 10 at $2.91 per gallon. Compared to price
variation experienced over recent summers, gasoline prices have moved in a
narrow range during this summer’s driving season. Most
of the movement in gasoline prices this summer can be attributed to crude oil
prices, which have traded within a range of about $10 per barrel (24 cents
per gallon) over the period and currently stand about $72 per barrel, the
lower end of that range. Global crude oil markets have been generally
uneventful throughout 2010, with ample supply and a slow demand recovery in
the United States and Europe (relative to more robust activity in China and
other Asian countries) dampening price pressures. Exceptionally high stock
levels in the United States have contributed to relatively calm market
conditions this summer. U.S. commercial crude oil inventories stand at their
highest level for August in nearly 20 years, and total U.S. petroleum
commercial stocks (including crude oil and products) are the highest since
January 1983.....more
(this link will take you to the Energy Information Administration website) |
||||||||||
|
New
Version Of ShipmentRater To Handle HST Changes Effective
July 1, 2010 freight charges for Canadian domestic shipments to Ontario will be
subject to HST of 13% and shipments to British Columbia will be subject to
HST of 12%. Click
here (Rating System Tax Update.exe) to download the latest version of
ShipmentRater for the FCA/NATC Rating System that will handle these changes. The
new shipment rater now provides 2 date fields, one for shipment date and one
for rate level. This will allow proper HST application regardless of rate
level being assessed. Please note that the new HST amounts will be set
automatically the first time Shipment rater is run on or after July 1,
2010. The download also includes updates to RateQuoter and Utilities to
handle some minor issues. Please
contact Ken Leising (ext 203) or Jon Ainsworth (ext 217) with any questions
concerns. |
