
May Fuel Update: Prices Spike Again Across the Nation
Fuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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Fuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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The national average gasoline price increased 4 cents to $2.58 as 2019 comes to a close, a spike attributed to unexpectedly higher road travel during the holidays, according to AAA.
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FleetCor Technologies, Inc. has collected "hundreds of millions" in improper fees from its fleet customers since at least 2014, according to a civil complaint filed by the Federal Trade Commission against the Atlanta-based payment processor.
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With the cost of fuel representing 60% of the total fleet budget, fleet managers are looking for opportunities to reduce expenditures ranging from rightsizing, route optimization, telematics, personal use, and modifying driver behavior.
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The national average price of gasoline fell 2 cents to $2.55 per gallon, which is 5 cents lower than a month ago due to declining demand, according to AAA.
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WEX Inc. will begin managing the fleet fuel card program of Valero Energy Corp. under a new partnership, the Portland, Maine-based payment provider has announced.
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The national average price of regular unleaded moved 1 cent lower to $2.57 for the week ending Dec. 9, as Ohio, California, and several other states saw more significant price declines.
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WEX Inc. has extended its fueling partnership with Houston-based Leasing Associates so the fleet management company can provide its customers with fuel cards supported by WEX, according to the company.
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The price of a gallon of regular unleaded remained stable with a 1 cent decline to $2.58 for the week following a near-record Thanksgiving travel weekend, according to AAA.
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Data management and protection, electrification, telematics, video technology, mobile servicing, shared mobility, and advanced safety tech took center stage in San Jose.
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The national average price of regular unleaded remains flat relative to a week ago as well as a year ago ahead of the Thanksgiving Day holiday rush that should see a nearly 3% increase in road travel from 2018, according to AAA.
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