Fuel Flash – June 2021
July 6, 2021
May was a busy month, the major headline being the Colonial Pipeline outage. Compared to April, the overall price of
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 moreMay was a busy month, the major headline being the Colonial Pipeline outage. Compared to April, the overall price of
Oil prices started April flat, but gained some steam mid-April and reached a high of $65 per barrel near the
Following a rapid climb in February, oil prices lost their momentum in March. Despite some volatility during March, prices ended
Oil prices soared 18% higher in February, starting the month near $54 per barrel and ending just under $62. Prices
As the new year began, oil prices quickly leaped from the high-$40’s per barrel to just over $52. For the
Oil prices continued to increase throughout December and gained another 7% following a sharp increase during November. Prices ended the
Oil prices increased sharply in November, rising over 25%. The month began with prices just under $36/barrel and ended slightly
Oil prices fell by 11% during October, from a starting point near $40/barrel. Shortly after the month began, prices dropped
Oil prices traded in a narrow range throughout June following the significant rebound that began in May. Although prices broke
Following the historic collapse near the end of April, oil prices began rebounding throughout May. May’s prices started slightly under
As part of the sharp decline that began in January, oil prices set another somber record in April when they
The sharp decline for oil prices that began in January has accelerated through March. Prices declined by about 60% during
Oil prices began to show some potential to recover in early February following their sharp drop in January. However, by
Oil 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
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