Up, Up and Away. Gas prices up 17 more cents in the last 2 weeks. Did you see that coming? With Crude Oil prices over $72 a barrel. You can figure that gas prices will get real close to $3 a gallon. Making fuel management more difficult not only for gas prices but for diesel fuel costs as well.
It was a year ago today that most of the country was paying over $4.00 a gallon for gas prices and almost $5.00 a gallon for diesel fuel. If we look at it from that side, things are not that bad.
Our fear at Sokolis is this $72 a barrel for oil prices just seems to be a little high right now, given the countries state of economic recovery. The fear being if we are at $72 now what happens when we see real economic turnaround. Are we back at gas prices at $3.75 and diesel fuel costs at $4.00? Does that hurt the turnaround?
Most of the upturn in crude oil prices has to do with speculation that massive government spending has led to fears of inflation and uncertainty about the dollar. By investing money into crude oil it helps certain investors eliminate those fears.
If you want more information about how you can help your company with its fuel management program or if you need fuel consulting to control your fuel costs, please reach out to the Sokolis at 267-482-6155 or www.SokolisGroup.com.
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