American Loggers Council Executive Director Scott Dane joins Stuart Varney to discuss how soaring diesel prices are impacting the timber industry. He warns that filling a logging truck now costs $1,350 as fuel expenses squeeze profits.
High fuel costs are squeezing American loggers as the national average diesel price nears six dollars. American Loggers Council Executive Director Scott Dane tells Stuart Varney that filling a single truck now costs $1,350, driving fuel expenses up to 45 percent of total operating costs. Dane urges the administration to suspend the fuel tax to provide immediate relief for the industry.
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