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ATA Seeks Action Against Oil Speculation Amid Rise in Diesel Prices

Published Tuesday, June 23, 2009

In an effort to mitigate dramatic spikes in fuel prices similar to those in 2008, the American Trucking Associations (ATA) called on Congress today to increase the transparency of futures markets and impose reasonable aggregate position limits on energy commodities. “Since March, the price of diesel has risen 56 cents per gallon despite supplies being at a historical high and diesel demand at a 9-year low,” said ATA President and CEO Bill Graves. “It seems that more is at play than just the fundamentals of supply and demand.” While the price of crude oil is off from last ...

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