The 103rd State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market.
🎙Today's topics include:
Decline in U.S. of gasoline consumption in the second quarter of2022 compared to same time last year due to demand destruction following a 61% increase in fuel prices.
Gasoline future market had a 9.7% decline on July 5, 2022, signaling the market believes that future gasoline prices will be lower than those today.
The anticipation of a recession in 2023 is putting downward pressure on gasoline futures.
Higher mpg by SUVs and full-size trucks makes keeps them desirable to consumers despite higher fuel prices.
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