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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 EPA expects that automakers will raise fuel economy 10 mpg higher than the current fleet average by model year 2025.
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WEX Inc., a global provider of corporate payment solutions, has signed a new agreement with Enterprise Fleet Management in Canada. WEX and Enterprise Fleet Management have been working together in the U.S. since 1993.
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The national average gasoline price increased to $2.37 per gallon for the week ending Jan. 9 in an upward move driven by the OPEC announcement of a production cut in late 2016, according to AAA.
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The average fuel economy for vehicles sold in December fell 0.1 mpg to 24.9 mpg.
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Gasoline prices for New Year’s are the highest they’ve been since 2014 and have reached $2.34 per gallon for the week ending Jan. 2, according to AAA.
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Commercial fleet management trends, open-end versus closed-end leasing, Element Financial Corp.'s acquisition of GE Capital's fleet unit, and telematics trends made up the most popular articles of 2016 on AutomotiveFleet.com.
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Gasoline prices have increased about 7% in December and have reached $2.29 per gallon for the week ending Dec. 27 but are still significantly lower than this time in 2014 and 2013.
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The national average price for a gallon of regular unleaded has increased for 20 of the 21 days leading up to Dec. 19 to reach $2.24, which marks the highest level since October, according to AAA.
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The national average price of gasoline has increased for 14 days in a row to $2.21 on Dec. 12 after the Organization of Petroleum Exporting Countries (OPEC) agreed to cut oil production.
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The average fuel economy of new vehicles sold in November remained flat compared to the revised October value of 24.9 mpg.
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