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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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The average national price for regular unleaded fell 4 cents to $2.42 to reach a new low for 2018, as gasoline prices continued to follow oil prices to lower price levels for the week ending Dec. 10, according to AAA.
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The price of regular unleaded gasoline has fallen to $2.46 per gallon, which has reached a low point for 2018 and is 2 cents lower than the price from a year ago, according to AAA.
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Companies are spec’ing selectors to take advantage of more fuel-efficient vehicle technologies, such as higher-speed transmissions, turbocharged smaller displacement drivetrains, and, when possible, downsizing to a smaller vehicle.
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Higher fuel pricing has been the No. 1 factor contributing to higher operating costs in calendar-year 2018. Since fuel makes up the largest portion of fleet operating costs, it has strongly contributed to the increase in total fleet spend.
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WEX Inc. and Chevron U.S.A. Inc. have reached an agreement to bring card services to Chevron and Texaco business card fleet customers, WEX has announced.
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The price of a gallon of regular unleaded fell 7 cents to $2.56 for the week ending Nov. 26, as pump prices head lower to reach some of the cheapest prices of 2018, according to AAA.
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The fuel card specialist is looking for ways to reduce data overload for fleet managers as it deepens its expertise through acquisitions and an expansion.
Read More →The national average gasoline price fell sharply across the country to $2.70 for the week ending Nov. 12 in the face of flagging demand, according to AAA.
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FedEx Express improved fuel efficiency by 2.9% in fiscal year 2017 and has moved closer to meeting its corporate goal of a 50% increase by 2025 over 2005 levels, the company reported in its annual sustainability report.
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Voters in Missouri, Utah, and Washington rejected state ballot measures on Tuesday that would have added new taxes on fuel or energy use by fleet vehicles, while California voters elected to keep increased fuel taxes in place to fund the state's infrastructure.
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