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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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WEX, Inc. and Citibank N.A. have been authorized to provide card and payment services to federal agencies that manage fleet vehicles under a new contract for GSA SmartPay 3 that runs for 14 years, WEX has announced.
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The demand for gasoline in late October was at the highest level since October of 2006, which pushed the nation's average price of a gallon of regular unleaded to $2.53 on Nov. 6, reports AAA.
Read More →Walmart stores will begin accepting Fleetcor's fuel cards under a new agreement between the two companies, Fleetcor Technologies, Inc. has announced.
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The stability of fuel pricing has been the No. 1 factor contributing to keeping operating costs flat in calendar-year 2017. Since fuel makes up the largest portion of fleet operating costs, it has helped keep a lid on overall fleet spend.
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While gasoline prices fall in most areas of the country with the shift to winter-blend fuel, California drivers will continue to pay higher prices as a result of a new state law that increases the price of gasoline by 12 cents per gallon.
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The average price of a gallon of regular unleaded increased 1 cent to $2.47 in the past week as prices have shown some volatility depending on the region, reports AAA.
Read More →The U.S. Bank Voyager Network is adding a security chip to its fleet card that will be available in the summer, Mastercard and U.S. Bank have announced.
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Fleet fuel card provider WEX, Inc. has begun construction on a new headquarters in Portland, Maine that will provide 100,000 square feet of space in a four-story mixed-use development, the city has announced.
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Published reports indicate that the Trump administration may be willing to push for a hike in the fuel tax to help pay for the president's promised $1 trillion in infrastructure investments.
Read More →WEX Inc. has agreed to a 10-year extension of a contract with Sheetz, Inc., a family-owned convenience retailer, to provide WEX fuel cards, the Portland, Maine-based company announced.
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