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Oil Prices

Collapse of Oil Prices and Ruble Devaluation Negatively Impacting Russian Fleet Market

The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.

Preparing Your Fleet to Meet Rising Market Trends

Plan ahead for the future and have discussions with your senior management about costs and what the future has in store for your fleet. While it looks like the cost of a gallon of gasoline may be going down, the cost of everything else is going to go up.

Gas Prices Stay Steady Across U.S., Still High in Great Lakes States

AAA’s latest Fuel Gauge Report shows little movement since last week in the average price for a gallon of regular unleaded gasoline, nearly unchanged at $3.62 on June 3. This price is still 10 cents more than it was a month ago, and three cents higher than it was on June 3 last year.