Fuel Flash – December 2023
December 4, 2023
Oil prices started November above $80/barrel, but they would not hold there very long. Prices continued their downward trend from
Fuel costs are one of the most significant expenses for fleet operators. As fuel prices fluctuate, businesses are look…
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Oil prices opened the last month of 2024 in the high $60s/barrel. OPEC+ met in…
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Choosing the right fleet fuel locations is a critical decision that can impact…
Read moreOil prices started November above $80/barrel, but they would not hold there very long. Prices continued their downward trend from
Oil prices began October with a drastic dip, dropping to $82/barrel after hitting a high of almost $94/barrel in September.
Oil prices continued their ascent into September, reaching the mid- to high-$80/barrel mark to begin the month. Saudi Arabia maintained
Early in August, oil prices jumped as Saudi Arabia once again extended their one million barrels per day cut into
Oil prices were heating up in July as was the rest of the country with triple digit temperatures. WTI Crude
OPEC met early in June and decided to keep current supply cuts in place. However, Saudi Arabia volunteered to reduce
In early May, oil prices fell from the mid-$70s/barrel, even dipping below $70 for a few days. Demand fears continue
Oil prices continued their rise back above $80/barrel in the first half of April after OPEC+ announced additional supply cuts.
Early in August, oil prices jumped as Saudi Arabia once again extended their one million barrels per day cut into
Oil prices were heating up in July as was the rest of the country with triple digit temperatures. WTI Crude
OPEC met early in June and decided to keep current supply cuts in place. However, Saudi Arabia volunteered to reduce
In early May, oil prices fell from the mid-$70s/barrel, even dipping below $70 for a few days. Demand fears continue
Oil prices continued their rise back above $80/barrel in the first half of April after OPEC+ announced additional supply cuts.
Early in March, oil prices continued their upward trend from the end of February, briefly topping $80/barrel. The main factor
Oil spent all but one day below $80/barrel in February. Oil prices continued to fall into the mid-to-low $70s/barrel to
Oil finished 2022 briefly topping $80/barrel, then started 2023 just under that mark. Early in January, prices quickly fell toward
Oil spent most of December in the $70s per barrel even with OPEC’s decision to stick with their 2 million
Oil prices climbed back to the $90/barrel range briefly in November before quickly falling back to just above $80/barrel by
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