Archive for June 10th, 2008
Diesel Theft on the Rise and Truckers Going Out of Business

There’s really not much to talk about lately besides truckers losing their trucks and people thinking of new and creative ways to steal fuel.

The latest in stealing fuel targets you and I now. It’s nearly impossible to find a fuel station that will let you pump anything without prepaying now so that eliminates the pump and run method. The other way is to siphon fuel out of the tank by opening the gas cap and sucking it out, but that’s been hindered by flaps and balls in the tank. Now that those aren’t really options anymore, thieves are just going up to your car and putting a hole in the tank and letting it drain, or cutting the fuel line to let it drain. If they puncture your fuel tank you’re probably looking at at least $400 or so for a repair bill. This is happening mainly to trucks and SUV’s since they have bigger tanks, but obviously it could happen to anyone so be aware.

To end this short update with a little good news diesel prices went down for the second straight week with this week dropping about 1.5 cents. Summer generally means a drop in diesel prices because we’re not really using heating oil any longer. Unfortunately that’s no longer a sure thing since there is no logic in oil barrel futures, just irrational speculation.