The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Move Higher

August 22, 2016

Photo via Wikimedia.
Photo via Wikimedia.

The national average price for unleaded gasoline bumped higher for the week ending Aug. 22, driven by higher crude prices resulting from a weaker dollar and possible supply cuts from imported oil.

The average price increased 4.4 cents to $2.193, according to federal data. Gasoline is now 44.4 cents lower than a year ago. Retail prices as tracked by AAA showed an average price of $2.16 for regular unleaded, which is four cents higher than a week ago.

The Organization of Petroleum Exporting Countries (OPEC) is considering production cuts to boost prices, and a weakening U.S. dollar is making crude oil cheaper for those holding foreign currencies, according to AAA.

Refinery issues have exacerbated price increases, including a number of refineries in the Gulf Coast that are undergoing unplanned maintenance as a result of flooding in Louisiana and a refinery fire in Texas. Drivers in the Midwest and Central U.S. continue to see the most dramatic recent price movement as the impact of outages, including the BP refinery in Whiting, Ind., has pushed prices higher. The facility is reported to be slowly coming back online, which could allow regional prices to drop back down, reports AAA.

Among the regions tracked by the U.S. Energy Information Administration, the East Coast's 5.1-cent increase ($2.126) was the sharpest among the five regions. In the East Coast's sub-regions, New England's 6.2-cent increase ($2.166) and the Lower Atlantic's 5.2-cent increase ($2.068) were the highest.

Meanwhile, the average price of diesel fuel increased 6 cents to $2.37 per gallon. Diesel is 19.1 cents higher than a year ago.

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

The Ford Super Duty is a line of commercial pickup trucks, specifically the F-250 through F-550.

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