Fuel Flash – July 2017

Oil prices fell approximately 10% during June as the decline that began toward the end of May continued throughout the month.  Prices at the beginning of June were just over $48/barrel and decreased to $43 near the end of the month.  During the last few days of the month, prices managed to stage a comeback and ended the month at

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Fuel Flash – June 2017

May was a choppy month for oil prices which started just below $50/barrel and wound up almost in the same place by the end of the month.  The following graph shows the daily price movements over the past three months:   

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Fuel Flash – May 2017

  April was an active month for oil prices which started at just over $50/barrel, steadily climbed over $53 by mid-month, then fell back below $50 near the end of the month.  The following graph shows the daily price movements over the past three months:   

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Fuel Flash – April 2017

Oil prices had been trading in a narrow range between $51 and $54 per barrel from the beginning of the year until early March when prices fell rapidly.  Their decline into the high $40’s was primarily attributable to increasing inventory levels despite an agreement to reduce production by OPEC and other foreign countries.  The following graph shows the daily price

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Fuel Flash – March 2017

Oil prices continued to trade in a narrow range between $52 and $55 per barrel during February following a similar pattern for the past few months.  However, the overall price range has increased slightly compared to the previous months primarily because OPEC and other foreign countries are strongly adhering to the oil production cutbacks they agreed to back in November. 

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Fuel Flash – February 2017

Oil prices continued to trade in a narrow range near $52/barrel during January just as they did in December.  This pattern followed a significant spike at the end of November primarily attributable to the agreement by OPEC and other foreign countries to reduce oil production beginning January 2017.  The following graph shows the daily price movements over the past three

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Is Your Fuel Management Ready for Winter?

Every year the transportation industry faces new challenges during the winter months, and this year is no different.  Among those challenges, many states have mandated biodiesel blends while many have mandated idling restrictions. To add to that, fleet fuel prices are rising, and weather forecasters are predicting a colder and snowier winter than any in recent memory. And with the

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Fuel Flash – January 2017

  Happy New Year from Sokolis Fuel Management! Oil prices traded in a narrow range around $52/barrel during December following a significant spike at the end of November.  The spike upward was due to an agreement by OPEC and other foreign countries to reduce oil production beginning January 2017.  The following graph shows the daily price movements over the past

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Fuel Flash – December 2016

For most of November, oil prices struggled to recover following their significant drop in October.  However, at the end of November, prices spiked upward in response to OPEC’s agreement to reduce oil production.  The following graph shows the daily price movements over the past two months:  

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Fuel Flash – November 2016

Oil prices traded in a very narrow range during most of October following a rapid increase during the last half of September.  The following graph shows the daily price movements over the past two months:  

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