AAA Daily Fuel Gauge Report for Friday, 12/18/20
National Average Price for Regular Unleaded Current: $2.210; Month Ago: $2.120; Year Ago: $2.550. National Average Price for Diesel Current: $2.504; Month Ago: $2.390; Year Ago: $2.994.
https://gasprices.aaa.com/
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ATA Truck Tonnage Index Jumped 3% in February
“After a scant 0.1% decline in January, which wasn’t bad considering the harsh winter weather and California wildfires, truck tonnage had a robust gain in February” said ATA Chief Economist Bob Costello. “This outcome fits well with our growing optimism for the truck freight market after a two-year recession. Some of the gain in February was due to accelerated imports early in the year as shippers rushed to bring products into the U.S. before tariffs hit. Even accounting for this, the first two months of the year were positive, all things considered, indicating that the freight recovery has indeed begun.” In February, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 115.2, up from 111.9 in January. The index, which is based on 2015 as 100, was up 0.6% from the same month last year, the second straight year-over-year increase, which hasn’t happened since early 2023. The not seasonally adjusted index, which calculates raw changes in tonnage hauled, equaled 104.8 in February, 4.7% below January’s reading of 110.0.
US paper industry opposes tariffs on Brazilian eucalyptus pulp
The American Forest & Paper Association (AF&PA) is calling on the Office of the United States Trade Representative (USTR) to exempt Brazilian bleached eucalyptus kraft pulp (HTS code: 4703.29) from potential Section 301 tariffs, warning that the material is indispensable to the U.S. tissue industry and cannot be purchased domestically at commercial scale. The group submitted its comments as part of USTR’s ongoing investigation into Brazil’s trade practices.
On September 3, USTR will hold a public hearing to gather further testimony on these issues and assess how Brazilian laws may be restricting fair market access for American firms.
AF&PA’s urges that eucalyptus production is extremely limited, with viable growing areas confined to small regions in coastal California and Hawaii, which cannot meet industrial-scale demand.
The association holds that imposing tariffs on Brazilian pulp would harm U.S. manufacturers by raising input costs, reducing profitability, and undermining the competitiveness of American-made tissue products.