News
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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Both retail and wholesale gasoline prices are dropping, according the monthly WEX Index. Diesel is also expected to decline due to weakening demand and the spring thaw.
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BYD Company Ltd. recently announced a plan for electrifying Hong Kong City’s public transportation system by replacing diesel buses and LPG taxis.
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The most recent run-up in fuel prices and its ongoing price volatility is the top challenge facing fleet managers. Other ongoing issues are cost-control, sustainability, and minimizing liability exposure, such as distracted driving.
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AAA said in a recent report that the national average price is $3.63 per gallon, 29 cents less than the price a year ago, which was $3.92 per gallon.
Read More →The U.S. Environmental Protection Agency (EPA) has proposed new Tier 3 tailpipe and fuel standards that are designed to reduce emissions and the sulfur content in gasoline.
Read More →According to an industry research report, more than a quarter of European business drivers surveyed spend at least four hours a month recording and submitting mileage reports.
Read More →FleetCor Technologies, Inc. (FLT), a global provider of fuel cards and workforce payment programs to businesses, announced that it has acquired certain fuel card assets from GE Capital Australia’s Custom Fleet leasing business.
Read More →The California Air Resources Board (CARB) plans to hold a public meeting in April to discuss regulatory ideas for alternative diesel fuels, including biodiesel, renewable diesel, and other diesel fuel substitutes.
Read More →The mobile fleet app allows drivers to visit any fuel merchant and enter the data required by their fleet managers, including the type and amount of fuel purchased, the price paid per gallon, the odometer reading, along with many additional features.
Read More →WEX Inc. has extended its existing fuel-price risk management program through the third quarter of 2014. On March 18, the company said it locked in a fuel price range for approximately $3.43 to $3.49 per gallon during this period.
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