Up and down diesel fuel prices go, where they stop nobody knows.
Diesel fuel prices declined for the first time in a month, dipping a half-cent a gallon, while gas prices fell for a third straight week, the Department of Energy said Monday. Neither fleet fueling product is going to give you much relief off you fuel card. Maybe it will help a little with you fuel management
Diesel fuel prices had risen 17.1 cents in the previous three weeks, and with Monday’s downturn is now 77.1 cents over the same week last year. Talking about last year, we should just take that out. The past isn’t going to provide fuel savings today for you, so let’s try to look ahead on your fleet managment services.
Prior to the past three weeks, the national average price for fleet fueling fell 14.7 cents in five straight declines. I am sure each fleet manager was happy about those results but 2012 looks to be shaping up as a rough one. Most companies need to get their fuel management in order and that might mean, new fleet cards, a fleet management system to better track information or an outsourced fuel management service like Sokolis.
Gas prices dropped 2.8 cents to $3.424 a gallon, for its third straight downturn and eighth in nine weeks. We all buy gas on our fuel card so hopefully you are getting a fuel savings rebate in addition to the lower pump prices.
Oil, meanwhile, topped $95 a barrel on the New York Mercantile Exchange, the highest closing price in more than three months, Bloomberg reported
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