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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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The average fuel economy of vehicles sold in August fell 0.1 mpg to 25.3 mpg from July, according to the University of Michigan's Transportation Research Institute (UMTRI).
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National gasoline prices continued an upward trajectory in the last week of August, even as prices appear poised for another pullback with crude futures falling on Monday on growing expectations oil producers may not stabilize output.
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WEX, Inc. will roll out a driver messaging feature as part of its ClearView analytics platform later this year that will send text messages and emails to remind drivers to use less expensive fuel stations or fill fleet trucks with unleaded rather than premium fuel.
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TravelCenters of America, operator of the TA and Petro Stopping Centers brands and Minit Mart convenience stores, is expanding its relationship with U.S. Bank by accepting a new single Voyager Fleet Card at its truck stop and convenience store locations.
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The national average price for unleaded gasoline bumped higher for the week ending Aug. 22, driven by higher crude prices resulting from a weaker dollar and possible supply cuts from imported oil.
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The national average price of regular unleaded remained flat as the summer driving season draws to a close, according to federal data and AAA data.
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The national average price of gasoline held steady during the first week of August near the $2.15 level, as abundant supplies continue to keep the price lower.
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The average fuel economy of new vehicles sold in July increased 0.1 mpg to 25.4 mpg from June, according to the University of Michigan's Transportation Research Institute (UMTRI).
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The national average price of gasoline continued its decline for the week ending Aug. 1, falling for 50 of the past 51 days and nearing $2.10 per gallon, according to AAA.
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The national average for a gallon of unleaded gasoline fell 5 cents to $2.18 for the week ending July 25, according to federal data.
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