Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gas Prices Reach Two-Month Low

July 7, 2004

The average U.S. retail price for regular unleaded gasoline dropped 2.6 cents the past week to a two-month low of $1.895 a gallon. That price is up 41 cents from the national average the same day a year ago, according to the American Automobile Association. Yet it is the sixth decline since a record of $2.064 on May 24. Gasoline prices have kept pace with crude-oil futures, which fell to a two-month low last week after the United States returned power to an interim Iraqi government ahead of schedule. The move eased some traders’ concern that terrorists would disrupt the country’s petroleum operations. Oil rallied in the past week, a signal that gasoline prices may not decline much more, analysts said. Crude oil, which makes up more than two-fifths of the retail price of gasoline, on reached a five-week high on Tuesday of $39.65 a barrel on the New York Mercantile Exchange, up 22 percent this year.
Twitter Facebook Google+


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.


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

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

Sid Rose was the executive secretary of the American Automotive Leasing Association from 1964 to 1985.

Read more

Up Next

More From The World's Largest Fleet Publisher