What is the single biggest impact on the cost to have your vehicle shipped? Diesel fuel prices is the simple answer. Are you wondering why it is costing so much more these days or why your vehicle shipping quote seems higher than what you expected?
Back in 2002, the second year of ShipVehicles, the average price of diesel fuel in the U.S. was a paltry $1.40. Today? Diesel fuel is averaging close to $4.40 for the month of May. That is a whopping 213% increase in costs.
The Energy Information Administration website shows even more remarkable changes in the last year. Since March of this year, diesel prices have risen nearly $1.00 alone.
People who shipped their vehicles in recent years are likely not a good source of info for how much it is going to cost if they aren't factoring in fuel price increases.
We are amazed at how little fuel prices have altered pricing the last few years, but the recent price hikes are spelling disaster for mom and pop carriers and large corporations alike. At some point they are going to have to make more aggressive pricing adjustments to allow for the dramatic increase in fuel prices.
If you are looking to get a vehicle shipped, do it sooner rather than later, as it will be very unlikely that it gets any cheaper in the near future.
Labels: auto shipping rising prices, cost to ship vehicle, diesel fuel prices affecting auto transport
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