Energy prices are at historically high levels. This affects our cost of production and results in surcharges on both inbound and outbound freight. We can no longer continue to absorb these cost increases and are now compelled to institute our own energy surcharge.
This surcharge will be adjustable; tied to the Department of Energy (DOE) average monthly diesel fuel price.
Link to DOE diesel prices: http://www.eia.gov/petroleum/gasdiesel
The DOE average for the month of October, 2024 was $3.58 per gallon. The energy surcharge as of November 10th is $0.005 per MSI.
This surcharge goes into effect for shipments made starting on the 10th of each month, based on the average price for the previous month. This change will be reflected in the Energy Surcharge line on the invoice.
As displayed in the chart below, for every $.50 change in diesel fuel price per gallon, the surcharge will be adjusted by $.0010 (1/10 of a cent) per MSI.
We appreciate your continuing support as we navigate this unprecedented energy situation.
| Minimum | Maximum | Energy Surcharge per MSI |
|---|---|---|
| $1.75 | $2.25 | $0.002 |
| $2.26 | $2.75 | $0.003 |
| $2.76 | $3.25 | $0.004 |
| $3.26 | $3.75 | $0.005 |
| $3.76 | $4.25 | $0.006 |
| $4.26 | $4.75 | $0.007 |
| $4.76 | $5.25 | $0.008 |
| $5.26 | $5.75 | $0.009 |
| $5.76 | $6.25 | $0.010 |
| $6.26 | $6.75 | $0.011 |
| $6.76 | $7.25 | $0.012 |
| $7.26 | $7.75 | $0.013 |