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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 national average price of a gallon of regular unleaded declined 4 cents to $2.84 and a level that has not been this low since early May, according to AAA.
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The national average price of a gallon of unleaded gasoline increased 1 cent to $2.88 for the week ending July 16 and has climbed 3 cents since the Fourth of July holiday, according to AAA.
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The national price of regular unleaded crept higher to $2.87 per gallon, a one-cent increase that may lead to even higher prices in the weeks to come as summer gasoline demand remains strong, according to AAA.
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The cost of gasoline has been on the rise this year. These higher gas prices could pose a direct threat to a fleet’s overall costs. Implementing technologies and considering alternative fuel vehicles could help curb costs.
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The average price of regular unleaded has reached $2.86 per gallon, which is the highest level for the Fourth of July holiday in four years. Despite that increase, the average price has fallen 11 cents from Memorial Day levels, according to AAA.
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ARI and WEX, Inc. are celebrating their long-running relationship with co-branded fuel cards for fleet customers of the fleet management company, the payments solution provider announced. The companies have been in business together for 25 years.
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The national average gasoline price fell five cents to $2.85 per gallon for the week. Gas prices have been consistently declining since Memorial Day and have fallen 12 cents in the past month. For the week, 49 states saw a decline in their average price, according to AAA's June 25 update.
Read More →Fuel payment provider FleetCor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. FleetCor shares trade on the NYSE under the ticker FLT.
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WEX, Inc. has introduced DriverDash, a mobile payment solution that allows drivers to make a secure payment for fuel for their fleet vehicles using their mobile device.
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FleetCor Technologies, Inc. has entered into a contract with convenience store chain Casey’s General Stores to manage the private-label corporate fuel card program for all of its retail locations nationwide.
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