How do you calculate the fuel surcharge?
How do you calculate the fuel surcharge?
The calculation looks like this:
- Original fuel price – Updated fuel price = Difference in fuel cost.
- Difference in fuel cost / Miles per gallon = Cost per mile.
- Cost per mile x Distance travelled = Surcharge.
What is a typical fuel surcharge?
Current national average fuel surcharge rate The relevant national fuel average can be tracked on the U.S. Energy Information Administration (EIA) website. Currently, the UPS average fuel surcharge is 8% for ground and 6.75% for domestic air.
What is the current US fuel surcharge?
The fuel surcharge range is between $1.50 per gallon and $7.00 per gallon. If diesel fuel prices are outside of this range, YRC will issue a revised fuel surcharge table.
What is a fair fuel surcharge?
A fuel surcharge is a flat rate that allows the cost of fuel to be incorporated into shipping rates in a fair manner and allows shippers to have a fixed fuel cost they can count. A fuel surcharge accounts for fluctuating fuel prices and the average cost of transporting goods.
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