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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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SEARCHMENUSEARCHFuel prices have risen in all 50 states, with the average increasing by almost 39 cents.
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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.
Read More →The nation's average gasoline price fell three cents to $2.92 per gallon during the week ending on June 11 and has fallen four cents since the start of the month due to falling demand, reports AAA.
Read More →The national average price of a gallon of regular unleaded fell two cents to $2.95 for the week ending June 4 during a week that saw the first price decline since the middle of March, according to AAA. The decline followed a slight dip in oil consumption from a year ago.
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