One again this week diesel fuel prices and crude oil prices rose. The average diesel fuel prices are now around $3.96 per gallon, yet it is an increase of only about 2 cents from last week. However, the current price is about 39 cents higher than this time last year. The United States crude for April delivery price rose to $105.08 per barrel, which is almost a 2% increase. Prices are expected to continue climbing as the month continues. Additionally, it is estimated that gas prices may reach $4 by the end of the summer and there is a 33% chance that it could reach $5 by the end of 2012. Not a good thing for your fleet fuel cards. Currently the average price at the pump is $3.52, a 4-cent increase from last week.
The Department of Energy is even warning consumers of the impending rise in oil prices. This is due to a global price adjustment to the price of oil due to the situation in the Middle East. In order to make the most out of your fleet fueling fill-ups during these uncertain times, give Sokolis Fuel Management a call at 267-482-6155.
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