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Originally Posted by Coach McGuirk
Well I need to leave for home so here it goes.
oil prices topped US$119 per barrel this week, in turn pushing marine bunker fuel prices up past $552 per ton. at $552 per ton, with fuel consumption at 217 tons per day, and a 14 day voyage, a single round trip voyage for this one vessel would produce a fuel bill of $3,353,952.
So when you start seeing your "made in China" products rising this is me passing on our fuel costs to you since the shipping lines are passing it to us.
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One benefit of high fuel costs is undeniably that it makes domestic products more competitive at home. It is a de facto tariff.
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The Bible tells us how to go to heaven, not how the heavens go. -Galileo
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