Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gas Prices Could Keep Falling

August 31, 2006

Gasoline prices are falling fast and could keep dropping for months, USA Today reports.Travel organization AAA foresees prices 10 cents a gallon lower by the end of next week. It reported a nationwide average of $2.84 Tuesday, the lowest since April 20. Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS), predicts that prices per gallon will be closer to $2 than $3 by Thanksgiving but could go up again next spring.The U.S. average for a gallon of regular peaked this year at $3.036 Aug. 10, according to OPIS/AAA daily surveys. That's slightly under the high of $3.057 Sept. 5, a week after Hurricane Katrina battered petroleum production in the Gulf of Mexico and caused fears of fuel shortages. Reduced demand for gasoline at the end of a busy summer driving season, falling wholesale prices and petroleum traders selling their holdings are all contributing factors in the fall in prices, according to USA Today.
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

Toyota is a multi-national automotive manufacturer headquartered in Toyota City, Japan.

Read more

Up Next

More From The World's Largest Fleet Publisher