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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 national average price for a gallon of regular unleaded fell 2 cents to $2.22 for the week ending May 9, according to federal data.
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The average fuel economy for new vehicles sold in April was 25.2 mpg — down 0.1 mpg from the value for March, according to the University of Michigan's Transportation Research Institute (UMTRI).
Read More →Keeping fuel spend low is the No.1 challenge fleet managers face. The fluctuation in gasoline and diesel prices over the past few years has given fleet managers a sobering reality check on how quickly the price of fuel can cause operational budgets to hemorrhage.
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Derive Systems, a vehicle software company that specializes in engine calibration, and Meineke, an auto repair company, have formed a working partnership. Derive will provide the solution, and Meineke the service and training needed by fleets.
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The average price of a gallon of unleaded increased 7.8 cents to $2.24 for the week ending May 2, according to federal records.
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Despite the recent trend of inexpensive gasoline and diesel prices, fuel continues to be among the top spend categories for fleets. Subject-matter experts share strategies to save money that transcend prices.
Read More →Mitsubishi Motors North America's U.S. vehicles haven't been impacted by the fuel-economy manipulation that occurred on several Japanese models, the company said in a statement.
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Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.
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The U.S. Environmental Protection Agency has asked Mitsubishi Motors to perform additional testing on models it sells in the U.S. market, after the company admitted to inflating the ratings for several Japanese models.
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The national average price for a gallon of unleaded gasoline increased 2.5 cents to $2.162 for the week ending April 25, as the fuel has seen incremental hikes heading into the summer driving season, according to federal data.
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