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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 national average price of a gallon of unleaded gasoline has fallen to $2.178 per gallon where it's again nearing the six-year low it reached in early 2015, when it hovered about the $2 level.
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The national average price of a gallon of unleaded has increased 1.1 cents to $2.235 for the week ending Nov. 9, according to federal records.
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Improvements in engine design and on-board oil life monitoring, along with improved oil quality and the use of synthetic oils, have extended oil drain intervals and served to decrease PM service frequency.
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WEX Inc. has introduced ClearView, a cloud-based fleet analytics and benchmarking platform that combines fuel and vehicle data with proprietary analytics to create insights that save fleets time and money, according to the company.
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The national average price for a gallon of unleaded remained essentially flat for the week ending Nov. 2 with the price falling four-tenths of a cent to $2.224 per gallon, according to federal data.
Read More →Since 2013, year-over-year fuel prices have remained flat. With fuel being 60 percent of total operating costs, lower per-gallon prices have put downward pressure on total fleet costs.
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The national average price for a gallon of regular unleaded fell 4.9 cents to $2.228 for the week ending Oct. 26, according to the U.S. Department of Energy.
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The national average price of a gallon of unleaded gasoline fell six cents to $2.277 per gallon for the week ending Oct. 19, according to the U.S. Department of Energy.
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The average price for a gallon of unleaded gasoline increased 1.9 cents to $2.337 per gallon for the week ending Oct. 12, according to federal data.
Read More →WEX Inc., a provider of corporate payment solutions, has announced it has signed an agreement with CST Canada Co. to accept the WEX Universal Fleet Card at all of its sites in Canada. CST operates close to 800 fuel stations in Canada, from the Maritimes to Ontario.
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