The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Could Hit Record This Month

May 07, 2007

NEW YORK – U.S. retail gasoline prices could hit an all-time high by the end of May due to ongoing problems at the nation’s oil refineries, automobile and travel group AAA said on May 2, according to Reuters. Gasoline prices have risen 30 cents since early April to $2.97 a gallon on average.Gasoline stockpiles in the United States have dropped by 15 percent since early February amid an unusually high number of refinery outages, alongside robust demand and low imports. AAA said it was “alarming” that gasoline prices were rising so high without the backdrop of a major geopolitical or natural event to disrupt supply, such as a hurricane or a new military flare-up in the Middle East.The U.S. government said earlier this week that gasoline prices could hit a record this summer, according to Reuters.
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 Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Charles Bowen has been retired from the transportation industry since Sept. 15, 2011.

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