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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 for light-duty vehicles sold in July remained at 25.4 mpg, which was unchanged from June levels, according to the University of Michigan's Transportation Research Institute.
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Fleetio has launched Fleetio Fuel, a native mobile application allowing fleets to quickly track fuel data. Fleetio Fuel is the first fuel tracking app designed specifically for fleets and allows drivers to log fuel in seconds using a mobile phone or tablet.
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GPS Insight has released the GPS Insight Fleet Card powered by WEX to simplify management of fuel purchases and reduce fuel fraud, according to the company.
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Due to heavy traffic and poor road conditions, New York took last place in a ranking of the best and worst U.S. cities for drivers. Two Texas cities (Lubbock and Corpus Christi) took the top spots as the most driver-friendly.
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ServiceMaster will roll out WEX fuel cards, payment services, and analytics solutions to its fleet of 6,600 service vehicles to improve the efficiency of its fleet operations, WEX Inc. has announced.
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The national average gasoline price is now 79.4 cents lower than it was a year ago, and fell in eight of the nine regions tracked by the U.S. Energy Information Administration.
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The average price of a gallon of unleaded gasoline slid 3.2 cents to $2.802 for the week ending July 20, according to federal records.
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The U.S. House of Representatives recently passed a highway and transportation bill that included a provision that would change how certain alternative fuels are taxed in relation to conventional fuels.
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The average price of a gallon of unleaded gasoline increased 4.1 cents to $2.834 for the week ending July 13, while regional prices were mixed, according to federal data.
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The fuel additives market that includes biofuels such as ethanol should grow by 6 percent annually from 2015 to 2020, according to a report by TechSci Research.
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