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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 price of a gallon of unleaded rose 2.7 cents to $2.691 for the week ending May 11, marking a month-long run of rising prices, according to federal records.
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The cost of fuel remains a tough line item to budget for. With prices currently at their lowest in years, what can fleet managers expect in the future?
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Gasoline prices have been on the upswing for the past three weeks with the price of a gallon on unleaded climbing 9.4 cents to $2.664 for the week ending May 4.
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The national average price of a gallon of unleaded gasoline rose 8.5 cents to $2.57 for the week ending April 27, according to federal data.
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Owners of hybrid and battery-electric vehicles are trading in their alternative fuel vehicles for gasoline powered vehicles, according to new research from Edmunds.com.
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The national average price for a gallon of unleaded gasoline rose 7.7 cents to $2.485 for the week ending April 20, federal records show.
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The projected price of gasoline for U.S. drivers between April and September will be around $2.45 per gallon, which is down more than a $1 from last summer, according to the U.S. Energy of Information Administration.
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The average price of a gallon of unleaded gasoline fell five-tenths of a cent to $2.408 for the week ending April 13, according to federal data.
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Fleets considering a compressed natural gas program now have an online resource to help evaluate cost-effectiveness.
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The average price of a gallon of unleaded gasoline fell 3.5 cents to $2.413 per gallon for the week ending April 6, according to federal data.
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