On Friday, President Barack Obama told auto club AAA in an interview Friday that the tension in Iran and the Middle East is adding $29 to $30 a barrel to the price of oil. That would mean that its adding 60-90 cents per gallon to gas prices and diesel fuel prices. I am not sure if there is a $30
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 will average $3.85 a gallon this year and rise to $3.93 next year, the Department of Energy said in its monthly short-term energy outlook. In most cases we find the DOE to be conservative on their diesel fuel price forecast.
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 have fallen over the last couple of weeks. They have followed the trend by crude oil prices going lower but what will happen next. We have some crazy things going on that can affect your fleet fueling.
Diesel fuel prices are starting to make a run again this week up a dime to its highest level in almost six months — a national average price of $3.987 a gallon, the Department of Energy said Monday.
It’s really hard to believe that diesel fuel prices and gas prices are falling, especially if your local gas station hasn’t lowered prices yet. Ok, I realize that MOST of us have not seen the lower fleet fueling prices at the pump yet. This is basically because most retail locations are taking their time lowering their prices—and your fueling costs.
Headlines everywhere screaming gloom and doom; uncertainty in the Middle East, shaky stock market, oil prices up again week after week after week. And to pour salt on our wounds, the EIA (U.S. Energy Information Administration) reported the second largest one-week increase in gasoline prices in past 20 years! This hurts the general public, but is especially painful to those
Yes, we all know diesel fuel prices are killing your fleet management budget. For you fleet managers, diesel fuel prices are just hitting your fleet fueling costs it is also starting to increase other costs associated with petroleum products. Bridgestone Tire for example just increased a 12% increase in fleet companies tire cost effective immediately. Why? Increased costs in raw
Do we sound like a broken record now that diesel fuel prices have gone up nine straight weeks. The cost for your fleet fueling didn’t hurt as much this week with only a .8 cent increase to $3.438 a gallon nationwide. It does make diesel fuel prices 65 cents higher than this time last year. Ouch. Listen here fellow fueling
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