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Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
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In addition to selecting fuel-efficient assets, another way to control fuel spend is to modify driving behavior, a key variability in fuel economy. The difference between the most and least efficient drivers is a 30% difference in fuel consumption.
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The national average price of gasoline has jumped nearly 40 cents for the week of March 15, 2021, following last month’s winter storm in Texas.
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This week's national average is nearly 40 cents more expensive compared to a year ago, which was right before state lockdowns started.
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The Ford and WEX referral arrangement will offer Ford fleet customers multiple fuel card options.
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This uptick continues the rising trend we have seen since early November 2020, and has finally eclipsed prices same time last year.
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The increase represents a 30 cent increase from the beginning of February, and is 28 cents more than a year ago, AAA said.
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The average national price for gasoline is at $2.51 according to Feb. 16, 2021 data, which is up five cents from the previous week and will soon be more expensive than the highest price of 2020 despite low demand.
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National average diesel fuel prices were $2.80 per gallon as of Feb. 8, 2021, continuing a rising trend seen since early November 2020.
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This past Saturday, Feb. 6, 2021 was the first time in 340 days the national average was more expensive than a year ago, according to AAA.
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The average continued to climb this past week despite a drop in gasoline demand and refinery utilization.
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