During May, crude oil prices increased again for the third straight month and briefly spiked above the $50/barrel mark. May’s closing price of just over $49 is approximately 33% higher than where it ended 2015. Even more notable is that May’s closing price was almost double compared to mid-February’s $26 which was the lowest point of the year.
During April, crude oil prices continued increasing for the second month in a row and closed the month at approximately $46/barrel. April was an active month with a number of factors that influenced pricing. Most notable was the meeting in Doha, Qatar during mid-April where many oil producing nations gathered in an attempt to rein in supply production. No agreement
The Energy Information Agency (EIA) released a report last week showing premium gasoline sales reaching levels not seen since 2004. At first glance, you might think this is related to the low prices at the pump; why not splurge a little and clean out the gunk in your fuel injectors? While that could certainly have something to do with it,
Well, we made it. Surviving 2011 wasn’t easy – the prolonged economic troubles, shifting global issues, rising food prices, etc…but look on the bright side, we made it through not one, but two threatened apocalypses! 2012 is bound to be a better year (and it only includes one Judgment Day from what I’ve heard).
Do the holiday sales have you racing from store to store for those special money saving sales?
Our roads and highways are our major means of transporting goods, providing service, and keeping our fleets moving and our business operating. Our highways need to be maintained and safe for drivers. The funds, which pay for roads, bridges, and transportation projects, come from the Federal Transportation Trust Fund.
With winter approaching faster than we may like it is time for business owners to think about the impact winter may have on their fleet operations. We at Sokolis help our fleet companies get ready for the winter months by assisting them in ordering fuel additive to keep their diesel fuel from gelling and their fleet drivers safe on the
Nearly 42.2 million travelers are expected to hit the roads or take airplanes during the Thanksgiving holiday. According to AAA, that’s an increase of 11.4 percent over last year.
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