Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gasoline Demand Reaches Highest October Level in 15 Years

November 06, 2017

Photo by Vince Taroc.
Photo by Vince Taroc.

The demand for gasoline in late October was at the highest level since October of 2006, which pushed the nation's average price of a gallon of regular unleaded to $2.53 on Nov. 6, reports AAA.

The price level is 6 cents higher than a week ago, 2 cents higher than a month ago, and 31 cents higher than a year ago.

The price average during the second half of October was relatively stable, fluctuating a penny or two until Oct. 31. Since then, the national price has seen upward movement, primarily resulting from increased demand, according to AAA.

The states with the largest weekly increases include Michigan (21 cents), Ohio (20 cents), Illinois (19 cents), California (17 cents), Wisconsin (16 cents), Indiana (14 cents), Missouri (11 cents), Kentucky (10 cents), Minnesota (8 cents), and Nebraska (7 cents).

The states with the least expensive markets include Alabama ($2.21), Mississippi ($2.22), South Carolina ($2.23), Texas ($2.25), Arkansas ($2.26), Louisiana ($2.26), Virginia ($2.28), Tennessee ($2.28), Oklahoma ($2.33), and North Carolina ($2.35).

Meanwhile, the average price of a gallon of diesel increased 6.3 cents to $2.882, which is 41.2 cents higher than a year ago.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Terminology used in many European countries to define closed end Operating Leases where the lessor is responsible for the cost of maintenance and tires in addition to taking residual value risk.

Read more

Up Next

More From The World's Largest Fleet Publisher