The Car and Truck Fleet and Leasing Management Magazine

End of Nigerian Labor Strike Spurs Drop in Oil Prices

June 25, 2007

NEW YORK --- Oil prices fell more than $1 a barrel today after news spread that Nigerian labor unions had ended a strike over the weekend. On the New York Mercantile Exchange, light, sweet crude for August delivery dropped $1.04 to $68.10 a barrel. Gasoline for July dropped 0.42 cent to $2.2824 a gallon. In addition, the Associated Press reported, August Brent crude fell 90 cents to $70.28 a barrel on the ICE Futures exchange in London.Overnight, the average national price of a gallon of gas at the pump dropped 0.3 cent to $2.978 a gallon, according to AAA and the Oil Price Information Service.
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 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

Most car dealers who sell used vehicles must comply with the Federal Trade Commission's (FTC's) Used Car Rule. In fact, car dealers who sell more than five used vehicles in a 12-month period must comply with the Rule.

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