WEX Reports Gasoline Prices Headed Down and Diesel Headed Up Through End of the Year
WEX’s August fuel prices report found that demand was up in July and August and that the crisis in Syria is pushing the price of crude oil higher.

This chart details the price trends for unleaded gasoline and diesel fuel at retail since 2011. Chart courtesy WEX Inc.
WEX’s August fuel prices report found that demand was up in July and August and that the crisis in Syria is pushing the price of crude oil higher. WEX noted that the U.S. Department of Energy reported that demand for gasoline increased close to 1 percent compared to the same period in 2012. That said, analysts predict demand will eventually fall as newer, more fuel-efficient vehicles arrive on U.S. roads and the population continues to age.
The crisis in Syria has pushed crude oil prices above $100 per barrel even though that country is not a major oil supplier and the U.S. doesn’t receive much oil from that region. Domestic U.S. production has increased to levels not seen since the 1980s, according to WEX, and forecasts predict the U.S. will use more oil from North America in the future. WEX went on to state that most experts predict crude oil prices will fall once the crisis is resolved, with wholesale prices falling as refiners switch to producing winter spec fuel.
Looking ahead, analysts predict the national average price for a gallon of gasoline could drop below $3.25 per gallon before the end of the year and some regions could see prices as low as $2.50 per gallon.
Analysts predict diesel prices, on the other hand, will rise to greater than $4.00 per gallon as winter approaches and the demand for heating oil rises.

This chart details the price trends for unleaded gasoline and diesel fuel at retail since 2011. Chart courtesy WEX Inc.
More Fuel
Turning Fleet Payment Data into Executive Insights
Ramel Lindsay of U.S. Bank Voyager discusses how fleets can transform payment and transaction data into actionable intelligence to reduce costs, improve oversight, and support executive decision-making.
Read More →
Why the IRS Raised Its Mileage Rate in the Middle of 2026
Fuel-price volatility drove the rare increase to 76 cents per mile, the fifth midyear adjustment since 2000.
Read More →
July Fuel Update: Prices Keep Rising in Light of More Conflict
Gas prices continue to rise as more and more conflicts do, too.
Read More →
Bob Adamsky on Fuel Volatility: "Don't Panic, Have a Plan."
When it comes to up and down fuel prices, Adamsky has a message for fleets: “Don’t panic.”
Read More →
How Fleets Can Gain Control of Non-Fuel Spend
Fuel often gets the spotlight, but non-fuel expenses can have a major impact on fleet costs. Ramel Lindsay of U.S. Bank Voyager discusses how fleets can gain better visibility and control over these often-overlooked expenditures.
Read More →
Fuel is Just the Start: How Middle East Tensions are Driving Up Fleet Maintenance Costs
The Middle East conflict is doing more than pushing up fuel prices. It’s also raising the cost of key maintenance products your fleet depends on, from motor oil to tires to windshield wipers. Here’s what you need to know about this budget-busting situation.
Read More →
June Fuel Update: Prices Fall Below $4
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.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
Read More →