To get YOUR fuel cost take YOUR discount price ÷ by YOUR avg mpg
Example
Say .25 cpg discount
$4.01 - .25 = $3.76 ÷ 7 = .53cpm - .46 (fsc) = .07cpm
Remember fsc IS NOT based on YOUR fuel price or YOUR mpg
Fuel Surcharge
Discussion in 'Ask An Owner Operator' started by spindrift, Feb 19, 2022.
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If you have customers that PU/Del in regions you can set your fsc to that region.
East coast
New England
Central
Lower
Midwest
Gulf Coast
Rocky Mtn
West coast minus CA
California
NationalRideandrepair and spindrift Thank this. -
Bingo!! Ding Ding Ding! I used to have a phone # to call every Monday, to get the set FSC. Got it from a Broker. Never did use it. I’m sure it’s available online now. Good example. For anyone getting above 6mpg, assuming they’re getting a fair FSC, higher the price goes, the more money they’ll make. Below 6 mpg, like myself, the higher fuel goes, the more my net cost goes up.spindrift Thanks this.
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My understanding was theirs at least 4 zones, that get FSC rates set by the Government. FSC rates for Loads typically being set at the origin of Loads Location. Set every Monday. Don’t really know. I never called the #.
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Let’s take a current realistic example. Avg. current price @ $4.00. Using a $1.25 per gallon base price, and a 6 mpg. avg. $4.00-$1.25= $2.75. $2.75~6=.46 cents per mile. So a Company can bid a run, for $3.50 pm, plus current [email protected]. Total $3.96 pm. The $3.96 pm will be adjusted accordingly, every Monday, based on the avg. fuel price. I’ve often asked Leased O/Os how much FSC they’re getting. The answer is usually a % instead of a mileage rate. I assume in my example it would be commonly called a 37% FSC rate. $1.25 x .37% = .46 cents. .46 x 6 mpg = $2.76 + base 1.25 = $4.01 per gallon. I’m only guessing myself.
Last edited: Feb 20, 2022
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There is no "set fsc", just average fuel prices nationwide and areas.
Hauling spot freight the point is moot.
Contract customers have their own schedule or some will use your schedule.Rideandrepair Thanks this. -
No there is a Government website or source that publishes average Fuel Cost every week. The Base price is apparently 1.25 per gal.( I thought it was $1.50.) At any rate. The standard used is 6 mpg. The surcharge is based on the difference between the base and current avg. decided by 6 mpg. There’s no Law that says anyone has to adhere to the FSC. I’m guessing it’s mainly used for calculating Government Contract Loads. Others only use it as a guide, when bidding, on any Loads or when considering a Contract. Bidding it at a certain price, plus FSC.
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Shows the current and past price and regions.
Gasoline and Diesel Fuel Update - U.S. Energy Information Administration (EIA)spindrift Thanks this.
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