Fuel Flash – April 2021
March 31, 2021
Following a rapid climb in February, oil prices lost their momentum in March. Despite some volatility during March, prices ended
For years, fleet managers have turned to fuel cards for their convenience, security, and the promise of savings at the…
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Fuel prices are once again in the spotlight this time due to new tariffs impac…
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Oil prices began March at $68/barrel. Concerns about tariff impacts, alo…
Read moreFollowing 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 showed some volatility during September after several months of trading in a tight range. Shortly after the start
During August, oil prices continued trading in a very narrow range but did achieve a small gain, starting the month
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
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
Oil prices hovered near $53 per barrel for most of June, then quickly increased toward $60 during the last 10
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