The 103rd State of the Fleet Industry video is now live! Will gasoline prices fall? Many experts...

The 103rd State of the Fleet Industry video is now live! Will gasoline prices fall? Many experts believe so.

Photo: Automotive Fleet

The 103rd State of the Fleet Industry video is live, and today's topics include:

  • Decline in U.S. of gasoline consumption in the second quarter of 2022 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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⌚ Timestamps ⌚

0:00 Intro

1:20 U.S. Gasoline Consumption Declines in Q2 2022

2:24 Decline in Consumption has Nominal Impact on Fuel Prices

3:21 Futures Market for Fuel

4:42 Gasoline Futures Market Declined 9.7%

5:14 Anticipation of a Recession in 2023

6:14 Declining Impact of Higher Fuel Prices on Vehicle Acquisitions

This video originally appeared on


About the author
Mike Antich

Mike Antich

Former Editor and Associate Publisher

Mike Antich covered fleet management and remarketing for more than 20 years and was inducted into the Fleet Hall of Fame in 2010 and the Global Fleet of Hal in 2022. He also won the Industry Icon Award, presented jointly by the IARA and NAAA industry associations.

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