Spreadsheet: 01e6de72-4d50-49ab-8d96-87bc5beb21ea
Sheet: WTI vs. HDF

Comparison of On-Highway Diesel Fuel Prices (HDF)
with Oklahoma West Texas Intermediate Oil Prices (WTI)
(average of daily WTI as published in the Wall Street Journal)
The January fuel price determines the March surcharge--there is a 2-month lag.
 |  |  |  |  | Fuel surcharge ($/railcar mile)
 | HDF | WTI
Month--Year | $/gal. | $[NAME].
2000-01-01 00:00:00 | 1.356 | 27.26
2000-02-01 00:00:00 | 1.461 | 29.37
2000-03-01 00:00:00 | 1.479 | 29.84
2000-04-01 00:00:00 | 1.422 | 25.72
2000-05-01 00:00:00 | 1.42 | 28.79
2000-06-01 00:00:00 | 1.421 | 31.82
2000-07-01 00:00:00 | 1.434 | 29.7
2000-08-01 00:00:00 | 1.466 | 31.26
2000-09-01 00:00:00 | 1.637 | 33.88
2000-10-01 00:00:00 | 1.637 | 33.11
2000-11-01 00:00:00 | 1.621 | 34.42
2000-12-01 00:00:00 | 1.565 | 28.44
2001-01-01 00:00:00 | 1.524 | 29.59
2001-02-01 00:00:00 | 1.492 | 29.61
2001-03-01 00:00:00 | 1.399 | 27.24
2001-04-01 00:00:00 | 1.422 | 27.49
2001-05-01 00:00:00 | 1.496 | 28.63
2001-06-01 00:00:00 | 1.482 | 27.6
2001-07-01 00:00:00 | 1.375 | 26.42
2001-08-01 00:00:00 | 1.39 | 27.37
2001-09-01 00:00:00 | 1.495 | 26.2
2001-10-01 00:00:00 | 1.348 | 22.17
2001-11-01 00:00:00 | 1.259 | 19.64
2001-12-01 00:00:00 | 1.167 | 19.39
2002-01-01 00:00:00 | 1.153 | 19.71
2002-02-01 00:00:00 | 1.152 | 20.72
2002-03-01 00:00:00 | 1.23 | 24.53
2002-04-01 00:00:00 | 1.309 | 26.18
2002-05-01 00:00:00 | 1.305 | 27.04
2002-06-01 00:00:00 | 1.286 | 25.52
2002-07-01 00:00:00 | 1.299 | 26.97
2002-08-01 00:00:00 | 1.328 | 28.39
2002-09-01 00:00:00 | 1.411 | 29.66
2002-10-01 00:00:00 | 1.462 | 28.84
2002-11-01 00:00:00 | 1.42 | 26.35
2002-12-01 00:00:00 | 1.429 | 29.46
2003-01-01 00:00:00 | 1.488 | 32.95
2003-02-01 00:00:00 | 1.654 | 35.83
2003-03-01 00:00:00 | 1.708 | 33.51
2003-04-01 00:00:00 | 1.533 | 28.25
2003-05-01 00:00:00 | 1.451 | 28.14
2003-06-01 00:00:00 | 1.424 | 30.72
2003-07-01 00:00:00 | 1.435 | 30.76
2003-08-01 00:00:00 | 1.487 | 31.59
2003-09-01 00:00:00 | 1.467 | 28.29
2003-10-01 00:00:00 | 1.481 | 30.33
2003-11-01 00:00:00 | 1.482 | 31.1
2003-12-01 00:00:00 | 1.49 | 32.15
2004-01-01 00:00:00 | 1.551 | 34.27
2004-02-01 00:00:00 | 1.582 | 34.74
2004-03-01 00:00:00 | 1.629 | 36.76
2004-04-01 00:00:00 | 1.692 | 36.7
2004-05-01 00:00:00 | 1.746 | 40.29
2004-06-01 00:00:00 | 1.711 | 38.04
2004-07-01 00:00:00 | 1.739 | 40.8
2004-08-01 00:00:00 | 1.833 | 44.94
2004-09-01 00:00:00 | 1.917 | 45.95
2004-10-01 00:00:00 | 2.134 | 53.13
2004-11-01 00:00:00 | 2.147 | 48.46
2004-12-01 00:00:00 | 2.009 | 43.35
2005-01-01 00:00:00 | 1.959 | 46.84
2005-02-01 00:00:00 | 2.027 | 47.97
2005-03-01 00:00:00 | 2.214 | 54.22
2005-04-01 00:00:00 | 2.292 | 53.04
2005-05-01 00:00:00 | 2.199 | 49.83
2005-06-01 00:00:00 | 2.29 | 56.31
2005-07-01 00:00:00 | 2.373 | 58.7
2005-08-01 00:00:00 | 2.5 | 64.97
2005-09-01 00:00:00 | 2.819 | 65.57
2005-10-01 00:00:00 | 3.095 | 62.37
2005-11-01 00:00:00 | 2.573 | 58.3
2005-12-01 00:00:00 | 2.443 | 59.43
2006-01-01 00:00:00 | 2.467 | 65.49
2006-02-01 00:00:00 | 2.475 | 61.63
2006-03-01 00:00:00 | 2.559 | 62.69
2006-04-01 00:00:00 | 2.728 | 69.44
2006-05-01 00:00:00 | 2.897 | 70.84
2006-06-01 00:00:00 | 2.898 | 70.95
2006-07-01 00:00:00 | 2.934 | 74.41
2006-08-01 00:00:00 | 3.045 | 73.04
2006-09-01 00:00:00 | 2.783 | 63.8
2006-10-01 00:00:00 | 2.519 | 58.89
2006-11-01 00:00:00 | 2.545 | 59.08
2006-12-01 00:00:00 | 2.61 | 61.96
2007-01-01 00:00:00 | 2.485 | 54.51
2007-02-01 00:00:00 | 2.488 | 59.28
2007-03-01 00:00:00 | 2.667 | 60.44
2007-04-01 00:00:00 | 2.834 | 63.98
2007-05-01 00:00:00 | 2.796 | 63.45
2007-06-01 00:00:00 | 2.808 | 67.49
2007-07-01 00:00:00 | 2.868 | 74.12
2007-08-01 00:00:00 | 2.869 | 72.36
2007-09-01 00:00:00 | 2.953 | 79.91
2007-10-01 00:00:00 | 3.075 | 85.8
2007-11-01 00:00:00 | 3.396 | 94.77
2007-12-01 00:00:00 | 3.341 | 91.69
2008-01-01 00:00:00 | 3.308 | 92.97
2008-02-01 00:00:00 | 3.377 | 95.39
2008-03-01 00:00:00 | 3.881 | 105.45
2008-04-01 00:00:00 | 4.084 | 112.58
2008-05-01 00:00:00 | 4.425 | 125.4
2008-06-01 00:00:00 | 4.677 | 133.88
2008-07-01 00:00:00 | 4.703 | 133.37
2008-08-01 00:00:00 | 4.302 | 116.67
2008-09-01 00:00:00 | 4.024 | 104.11
2008-10-01 00:00:00 | 3.576 | 76.61
2008-11-01 00:00:00 | 2.876 | 57.31
2008-12-01 00:00:00 | 2.449 | 41.12
2009-01-01 00:00:00 | 2.292 | 41.71
2009-02-01 00:00:00 | 2.195 | 39.09
2009-03-01 00:00:00 | 2.092 | 47.94
2009-04-01 00:00:00 | 2.22 | 49.65
2009-05-01 00:00:00 | 2.227 | 59.03
2009-06-01 00:00:00 | 2.529 | 69.64
2009-07-01 00:00:00 | 2.54 | 64.15
2009-08-01 00:00:00 | 2.634 | 71.05
2009-09-01 00:00:00 | 2.626 | 69.41
2009-10-01 00:00:00 | 2.672 | 75.72
2009-11-01 00:00:00 | 2.792 | 77.99
2009-12-01 00:00:00 | 2.745 | 74.47
2010-01-01 00:00:00 | 2.845 | 78.22
2010-02-01 00:00:00 | 2.785 | 76.42
2010-03-01 00:00:00 | 2.915 | 81.24
2010-04-01 00:00:00 | 3.059 | 84.48
2010-05-01 00:00:00 | 3.069 | 73.84
2010-06-01 00:00:00 | 2.948 | 75.35
2010-07-01 00:00:00 | 2.911 | 76.37
2010-08-01 00:00:00 | 2.959 | 76.82
2010-09-01 00:00:00 | 2.946 | 75.31
2010-10-01 00:00:00 | 3.052 | 81.9
2010-11-01 00:00:00 | 3.14 | 84.14
2010-12-01 00:00:00 | 3.243 | 89.04
2011-01-01 00:00:00 | 3.388 | 89.42
2011-02-01 00:00:00 | 3.584 | 89.58
2011-03-01 00:00:00 | 3.905 | 102.94
2011-04-01 00:00:00 | 4.064 | 110.04
2011-05-01 00:00:00 | 4.047 | 101.33
2011-06-01 00:00:00 | 3.933 | 96.29
2011-07-01 00:00:00 | 3.905 | 97.19
2011-08-01 00:00:00 | 3.86 | 86.33
2011-09-01 00:00:00 | 3.837 | 85.61
2011-10-01 00:00:00 | 3.798 | 86.41
2011-11-01 00:00:00 | 3.962 | 97.21
2011-12-01 00:00:00 | 3.861 | 98.57
2012-01-01 00:00:00 | 3.833 | 100.24
2012-02-01 00:00:00 | 3.953 | 102.25
2012-03-01 00:00:00 | 4.127 | 106.19
2012-04-01 00:00:00 | 4.115 | 103.33
2012-05-01 00:00:00 | 3.979 | 94.7
2012-06-01 00:00:00 | 3.759 | 82.41
2012-07-01 00:00:00 | 3.721 | 87.93
2012-08-01 00:00:00 | 3.983 | 94.16
2012-09-01 00:00:00 | 4.12 | 94.72
2012-10-01 00:00:00 | 4.094 | 89.57
2012-11-01 00:00:00 | 4 | 86.66
2012-12-01 00:00:00 | 3.961 | 88.25
2013-01-01 00:00:00 | 3.909 | 94.69
2013-02-01 00:00:00 | 4.111 | 95.32
2013-03-01 00:00:00 | 4.068 | 93.05
2013-04-01 00:00:00 | 3.93 | 92.07
2013-05-01 00:00:00 | 3.87 | 94.8
2013-06-01 00:00:00 | 3.849 | 95.8
2013-07-01 00:00:00 | 3.866 | 104.55
2013-08-01 00:00:00 | 3.905 | 106.55
2013-09-01 00:00:00 | 3.961 | 106.31
2013-10-01 00:00:00 | 3.885 | 100.5
2013-11-01 00:00:00 | 3.839 | 93.81
2013-12-01 00:00:00 | 3.882 | 97.9
2014-01-01 00:00:00 | 3.893 | 95
2014-02-01 00:00:00 | 3.984 | 100.7
2014-03-01 00:00:00 | 4.001 | 100.57
2014-04-01 00:00:00 | 3.964 | 102.18
2014-05-01 00:00:00 | 3.943 | 102
2014-06-01 00:00:00
2014-07-01 00:00:00
2014-08-01 00:00:00
2014-09-01 00:00:00
2014-10-01 00:00:00
2014-11-01 00:00:00
2014-12-01 00:00:00