It’s the beginning of February and its 68 degrees in the Philadelphia, PA part of the country. To say we have had a mild winter so far would be a big understatement. Crude inventories are up, gas inventories are up, diesel fuel & heating oil supplies are down very slightly so what makes people believe there is only one way
Diesel fuel prices fell less than a penny, dipping 0.6 cent to $3.848 a gallon, its first downturn in three weeks. Gasoline fuel prices also fell, slipping 0.2 cent to $3.389 a gallon, its first decline in five weeks. Diesel’s decline left its national average price 41.8 cents higher than the same week last year, while gas is 27.9 cents
Most people and companies believe that their diesel fuel prices are going to be lower if they have a bulk tank. This might be true for straight fuel savings. It is certainly easier for a fleet manager to have his drivers put their fleet card in a fuel card reader at their home depot after they have paid lower diesel
Diesel fuel prices rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline fuel prices rose less than a penny. The increase followed almost two weeks of $100-plus per-barrel oil, though the price fell under that level late last week.
Diesel fuel price rose 4.5 cents to $3.828 a gallon, its first increase in seven weeks, while gasoline fuel price jumped 8.3 cents for its third straight gain. Diesel fuel had dropped 22.7 cents in six straight declines prior to Monday, January 9th’s gain. Gasoline has increased 15.3 cents in three straight gains. The latest price leaves trucking’s main fuel
Until a couple of weeks ago, who heard of the Straits of Hormuz. It sounds like some kind of love story. Well it’s not a love story it’s a 25 mile stretch of water that 20% of all the world’s oil goes through daily. Of course that wouldn’t be a big deal if it were in Iran. One of the
The average cost of gasoline rose for the first time in over 5 weeks to $3.258 per gallon, which is up 2.9 cents from last week and 20.6 cents from last year. This weekly increase is most likely due to the high volume of holiday travel, and should decrease again with the conclusion of the holiday season.
Diesel fuel prices tumbled more than 10 cents during the final two weeks of 2011, the Department of Energy reported, as refineries continued ramping up production.
That would be a big question when it comes to your fleet fueling budget for next year. At this point it is very difficult to say what is going to happen with diesel fuel prices or anything else in 2012. We do know that 2012 is an election year, which usually means the political side that has the power, doesn’t
This past week the Department of Energy price for diesel fuel prices fell again to below $3.86 a gallon. Good news right? Not so fast. Retail margins have been through the roof. Meaning you have been paying more than your company should be unless you have taken a professional approach on managing your diesel fuel prices prior to February when
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