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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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Jacksonville, Florida-based food broker Acosta permits drivers to use company vehicles on weekends, but doesn’t pay for fuel. Fleet Manager Dave Haviland used exception reports to reduce weekend purchases, saving money.
Read More →Quick Fuels bought the Solar Fuels mobile refueling business, a Kansas City-based fleet fueling company. In a separate deal, Quick Fuel purchased an automated fueling station, a bulk plant, and an officewarehouse facility in Fort Myers, Fla., from Fuelman of South Florida. Terms of the transactions were not disclosed.
Read More →WASHINGTON, DC - Gasoline-powered vehicles and hybrid cars that run on both gasoline and electricity will be more cost-effective than diesel engines for the foreseeable future in cutting U.S. oil use and emissions pollution linked to global warming, according to a recent Reuters report.
Read More →MEMPHIS, TN - In an effort to cut fuel cost by as much as 50 percent, FedEx Corp., based in Memphis, recently conducted on-the-road testing of its OptiFleet E700 hybrid delivery trucks.
Read More →With many refineries shut down for routine maintenance and imports flowing in, crude stocks are making a comeback. The price has already fallen by more than 7 cents per gallon. Some analysts are predicting crude supplies could build to a significant surplus over last year.
Read More →WASHINGTON, DC- The Bush administration will consider applying fuel efficiency standards to extra-large sport/utility vehicles, which are now exempt, as part of a broad review of fuel mileage requirements for all trucks and SUVs, according to the Washington Post.
Read More →Crude oil prices appear to be holding steady, and speculators are betting on strong updrafts in early 2004 gasoline prices. The futures numbers of more than 90 cents per gallon reflect a conviction among large money funds and other "high rollers" that price spikes will occur sooner rather than later.
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