Fuel Management

WEX stated the national retail price for a gallon of gasoline started the month at $3.55 per gallon, which is down close to 10 cents per gallon from where the price started in April.

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Both retail and wholesale gasoline prices are dropping, according the monthly WEX Index. Diesel is also expected to decline due to weakening demand and the spring thaw.

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A new report from WEX says fears about summer gasoline supply caused the recent price increases and that gas prices should slowly fall throughout March. WEX also expects a drop in diesel prices, but not as much as for gasoline.

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According to WEX Inc., while gas hit its lowest price per gallon for 2012 on Dec. 20, a slight jump closed the year at the highest national average ever.

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While gasoline prices continued to drop in the month of November, diesel prices have stagnated. WEX said diesel prices will likely trickle down just slightly over the next few weeks.

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California is seeing particularly high prices compared to the rest of the U.S., according to the September Wright Express fuel report. Experts predict that the national average will hit $3.50 by the end of the year.

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While gas prices continued to climb through August and are expected to continue to increase in the near term, Wright Express said that prices are expected to drop again by the Thanksgiving holiday.

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Experts predict that some of the lower priced areas could see prices head north again, but not by any large amount. Some of the higher priced areas like the West Coast still have room to go down, and prices should continue to fall, albeit at a fairly slow rate before flat lining in the coming weeks.

Tags: Wright Express, gas prices, Fuel Prices, Diesel Prices, summer fuel prices, WEX Index

Despite this drop in the national average, refinery issues have continued to cause West Coast prices to remain at levels well above $4 per gallon. Experts say, however, that the issues have been resolved and prices should drop.

Tags: Wright Express, gas prices, Fuel Prices, Diesel Prices, summer fuel prices, Gasoline Prices, WEX Index

Most experts predict that prices could get as low as $3.50 per gallon as it is typical for prices to fade by about 10% after the spring peak.

Tags: Wright Express, gas prices, Fuel Prices, Diesel Prices

SOUTH PORTLAND, ME and WASHINGTON - New reports from Wright Express and the U.S. Energy Information Administration say gas prices are likely to fall between $3.50 and $3.75 in early spring.

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PORTLAND, ME – The national average retail price for gasoline has fallen to its lowest point in more than 10 months, to $3.27 per gallon, according to a new report from Wright Express (WEX).

Tags: Fuel Prices, Diesel Prices, Gasoline Prices, winter fuel prices

SOUTH PORTLAND, ME - With weak demand for gasoline, Wright Express said experts expect retail gasoline prices to drop. Diesel prices are likely to rise, though.

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The national average of $3.62 per gallon is almost $1 per gallon more than a year ago.

Tags: Wright Express, gas prices, Fuel Prices, Diesel Prices