What Will Diesel Fuel Prices Do?

It’s probably not surprising to you that I hear the question, what will diesel fuel prices do on a daily basis. After all, I am the President of a fuel management and fleet fueling consulting group. The goal is
always to provide our clients with the most comprehensive information about diesel fuel prices and what we believe is going to happen.

There is no true science to predicting what diesel fuel prices are going to do. What I like to do is read as much as possible about different views of companies actively in the oil commodity space.

Review inventory levels across the globe, usage reports, global demand and a sense of feeling the market.

If there was any person that truly was able to know the future, they would be picking winning stocks all of the time or buying and selling oil on the market at just the right time. Or if they were really good, just picking the winning Power Ball numbers every couple of months.

All I can see for 2012 is a rocky road. Diesel fuel prices will break through $4 a gallon and could stay there for the next three or four months. We can expect to see $3.50 a gallon during the year in some areas. It might be one of the craziest years we have seen. Here is why: Presidential election year, Euro mess, stalled U.S. economy or maybe it won’t be in a few hundred days, inventories, worldwide demand, wars & conflicts and don’t forget about civil unrest. Oh yeah, 2012 will be a year for fuel management and diesel fuel prices as hot buttons.

The question most should ask themselves is what can I do for my company, to limit it exposure and control my fuel budget. Reaching out to our staff and Conor Proud, [email protected], 267-482-6159 could make a big difference for your upcoming year.