June 4, 2004
The breathtaking escalation in gasoline and diesel prices has given the fleet industry a reality check as to how quickly fuel can dramatically increase vehicle-operating expenses. In the first five months of 2004, the price of a gallon of regular unleaded gasoline increased almost 30 percent, which represents, on an annualized basis, an average increase of almost $600 per vehicle, based on driving 2,000 miles a month.