The Car and Truck Fleet and Leasing Management Magazine

AAA: Gas Prices Rise to Four-Month High

March 14, 2006

BURNSVILLE, Minn. --- Gasoline prices are at their highest levels since last Nov. 9, with the current nationwide average price of self-serve, regular unleaded gasoline at $2.363 per gallon. This is more than 6 cents higher than last month and more than 33 cents higher than a year ago, the Auto Club reported. "The jump in price occurred after the cost of both crude oil and wholesale gasoline moved sharply higher at the end of last week," said Gail Weinholzer, AAA Minnesota/Iowa spokesperson. "Crude oil briefly traded above $63 per barrel and whole sale gasoline was up as much as 15 cents per gallon." The price picture for gasoline will clarify in the next few days once it is known whether OPEC will keep oil production unchanged and if Iran will be referred to the United Nations Security Council for possible sanctions because of its nuclear ambitions. Energy analysts are divided on what actions OPEC nations might take at tomorrow's meeting. However, analysts do have some optimism that Russia will reach a deal with Iran, whereby they agree not to engage in the processing of uranium on a scale needed for nuclear weapons for at least seven years. In addition, pump prices are rising faster in the Midwest than in other regions, AAA said. That's partly attributable to the rising cost of ethanol, which is heavily blended with gasoline in this area, and because refineries serving the Midwest are beginning their seasonal switchover to producing summer grade fuels.
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.

Sponsored by

Don McCullagh was the founder and former president of McCullagh Leasing.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher