Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gas Prices Up Again as Expert Predicts Easing of Price Pressure

February 23, 2003

Gas prices rose 7 cents per gallon over the past two weeks pushing pump prices to near record levels, but the upward pressure on prices may be easing, an industry analyst said Feb. 23, according to the Associated Press.The average weighted price for gas nationwide, including all grades and taxes, was approximately $1.70 per gallon Feb. 21, according to the Lundberg Survey of 8,000 stations nationwide. That price is within 7 cents of $1.77, the all-time high recorded by the survey on May 18, 2001, AP said."The pace of gas prices has already slowed," Trilby Lundberg said. "The other indicators show a possible decrease in prices."Increased production in Venezuela, the approach of warmer weather, and the reopening of various U.S. refineries that had been idled for annual maintenance should help slow or end theprice spiral, Lundberg said, according to AP.
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 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

In a career that began in 1963 and lasted 21 years, Stan Chason's Gelco service included chairman, CEO and executive VP of the fleet management services division.

Read more

Up Next

More From The World's Largest Fleet Publisher