The Department of Energy announced Monday that diesel fuel prices fell 4.1 cents for the week. This is the fourth straight week that diesel fuel has fallen from its highs a few weeks ago. This will provide a lot of fleet management some relief from the climb of diesel fuel from the beginning of the year.
Gas prices only fell 1.6 cents per gallon to $3.680 per gallon. Gas prices have been on the slide too over the last several weeks. Hopefully, that trend will continue as we head into the summer time but I don’t think any of us should count on that to help our fuel management.
As we look at crude oil prices being in the low 90’s the last couple of months, it is difficult to really gauge what our fleet management programs will be in over the next few months. As we all know, crude oil plays a dramatic role in not only diesel fuel prices and gas prices but it also adds to increase in lubricant and oil cost.
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