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Gasoline Prices

Gasoline Inches Higher to $2.87 per Gallon

The national price of regular unleaded crept higher to $2.87 per gallon, a one-cent increase that may lead to even higher prices in the weeks to come as summer gasoline demand remains strong, according to AAA.

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Falling Gasoline Prices Reach $2.85 Per Gallon

The national average gasoline price fell five cents to $2.85 per gallon for the week. Gas prices have been consistently declining since Memorial Day and have fallen 12 cents in the past month. For the week, 49 states saw a decline in their average price, according to AAA's June 25 update.

Diesel, Gasoline Prices Expected to Jump Less This Year

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

Gasoline Prices Flat at $2.49

The national gas price of unleaded gas remained flat at $2.49 from last week, maintaining what were the highest gas prices to start the year since 2014, according to AAA.

Gasoline Prices Jump to $2.49 Per Gallon

The national average price of unleaded gasoline jumped 5 cents to $2.49 per gallon in the first week of 2018 and has reached a level not seen since 2014 during the week that starts the new year, according to AAA.

Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

Gasoline Prices Remain at $2.29 Per Gallon

The average national price of gasoline remained at $2.29 per gallon for the week ending March 27 amid discussion by the Organization of the Petroleum Exporting Countries (OPEC) to extend a production cut by another six months.

Flat Fuel Prices Forecast to Extend Through 2016

Lower prices for gasoline and diesel have been a welcome relief for fleets, in some cases, reducing operating costs by 25-30 percent. While the past three years have been heaven-sent for the fleet industry overall, it has had a dramatic impact on fleets operated by energy companies, which are scrambling to cut costs to offset the decline in oil prices. The unfortunate fact of life is that one person’s fortune is sometimes another’s misfortune.

Will Fuel Overtake Depreciation to Become the No.1 Fleet Expense?

The recent breathtaking increase in gasoline and diesel prices gives us a reality check as to how quickly fuel can dramatically increase fleet operating expenses. With fuel prices at a near all-time high and ongoing strong resale values decreasing depreciation costs, will fuel costs overtake depreciation as the No. 1 fleet expense in 2012, as it almost did in 2006?