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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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Fuel economy labels attached to new vehicles now more accurately reflect real-world fuel consumption, refuting a decade-old study that claimed the labels mislead buyers, according to a new analysis from Consumer Reports.
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The average fuel economy of new vehicles sold in October fell 0.4 mpg to 24.8 mpg, according to the University of Michigan's Transportation Research Institute (UMTRI).
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Retail industry drivers purchase more premium fuel and higher-priced fuel on average than other industries, while telecommunications, insurance and government fleets keep overspending in check, according to data from WEX Inc.
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The national average price of regular unleaded remained flat compared to a week ago, following a brief spike caused by some disruptions on the Colonial Pipeline, according to AAA.
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Automakers beat U.S. fuel-economy standards for the 2015 model year for the fourth year in a row, reaching an average of 29.4 miles per gallon for passenger cars, which marked an all-time high, according to an annual report from the U.S. Environmental Protection Agency.
Read More →The Colonial Pipeline Co. hopes to bring a significant gasoline supply line back online by Saturday, less than a week after a blast that could reduce gasoline supply to the Southeast and Northeast, Reuters has reported.
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An explosion in Alabama on what’s said to be the biggest fuel pipeline in the U.S. Monday will likely lead to a temporary price spike in diesel and gasoline in the Southeast states served by the pipeline and also may affect the Northeast.
Read More →WEX and ExxonMobile have agreed to extend their partnership to offer fleet payment cards for another 10 years. WEX has also extended an agreement with Imperial Oil Limited.
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The national average price of a gallon of unleaded remained mostly flat for the week ending Oct. 31, staying in the $2.21 range, reports AAA.
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The national average price of regular unleaded continued its steady decline this week to near $2.22 and finished the week with a slightly higher price that a year ago, according to data from AAA and the federal government.
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