The newly signed tax bill, Tax Cuts and Jobs Act, has gone into effect and has significantly limited itemized individual tax deductions that are available to trucking companies and their drivers.
Here are some quick tips to keep your equipment running smoothly:
- If possible, start equipment and let it run for a short period of time each day over the weekend.
- If you experience filter issues, cut the filter open and determine if it’s fuel waxing/gelling or water. To help determine the difference, leave the filter at room temperature. If the substance on the filter melts away, the filter plugging was caused by water.
- Make sure you are treating your fuel with winter additive, even if loads are received on warmer days. If you receive infrequent fuel deliveries, ask your sales representative about double treating and the benefits it can offer.
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Good news for those traveling next week. Oil prices have fallen considerably which is impacting gas prices. Currently, the national average gas price is $2.68 a gallon. While this is higher than the price drivers paid last Thanksgiving, the national average was $2.52 a gallon, it’s still lower than this year’s high of $2.97 a gallon last Memorial Day.