Fuel Flash – February 2020
February 2, 2020
Oil prices dropped sharply and unexpectedly in two stages during January. Prices declined by 16% from the start of the
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Read moreOil prices dropped sharply and unexpectedly in two stages during January. Prices declined by 16% from the start of the
Oil prices continued climbing higher throughout December, gaining over 10% to close the month and year at $61 per barrel.
Oil prices slowly climbed higher throughout November but gave back most of their gains at the end of the month.
SOKOLIS GROUP WINTER FUEL TIPS Replace fuel filters at manufacturer recommended intervals. Particles in the filter make it easier for
Oil prices traded in a very narrow range during most of October following a short period of significant volatility during
September had a volatile period for oil prices following a relatively stable stretch for most of August. The month opened
August opened with oil prices just over $58 per barrel but they fell sharply during the first week of the
The month of July opened with oil prices approaching $60 per barrel. By the 10th of the month, prices climbed
The collapse of crude oil prices continued throughout November as they fell 20% compared to the beginning of the month.
Crude oil prices tumbled by almost 13% during October. They peaked very early in the month at just over $76/barrel
Crude oil prices traded in a narrow range near $70/barrel for most of September then started rising quickly toward the
During August, crude oil prices started the month near $70/barrel but fell toward $65 by the middle of the month.
Crude oil prices opened July slightly over $74/barrel following a rapid increase after OPEC’s meeting near the end of June.
Crude oil prices traded in a narrow range near $65/barrel for most of June leading up to the OPEC meeting
Crude oil prices continued climbing throughout May and then lost momentum near the end of the month. Despite the setback,
Crude oil prices rose rapidly during April, gaining approximately 10% from where they started the month. Prices are about 30%
Fuel prices have been increasing rapidly over the last several months. Just one event or change can cause prices to
If you are managing a large fleet then you have probably found that it is cost-effective to have a fuel
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