The $3.8 Million Fill-Up

It takes about 7,000 tons of bunker-fuel to fill the tanks of a 5,000-container cargo ship for a trip from Shanghai to Los Angeles. Over the last year and half, the cost of that fuel has jumped 87% to $552 a ton, according to the World Shipping Council, boosting the cost of a fill-up to more than $3.8 million.

Below is a link to a recent LA Times article – “Envisioning a world of $200-a-barrel oil”

http://www.latimes.com/news/printedition/front/la-fi-oil28-2008jun28,0,2080126,full.story

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