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As many of us are watching fuel prices and commodities, these new trends bring about uncertainty and volatility.
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A deep dive into the costs associated with the alternative fuels commercial fleets use most.
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When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
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Learn why model year 2022 product availability will most likely repeat MY 2021 constraints in this episode of State of the Fleet Industry.
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It is vital for your company to analyze the benefits, costs, implementation factors, and more to ensure EV adoption is the next best step for your fleet.
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When comparing the average cost of fueling with regular gasoline and EV charging, the cost is about 55% lower for EVs — though some states tilt considerably more favorable for EVs than others.
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Current prices are 81 cents less expensive than a year ago and will likely push lower as Americans remain isolated for the foreseeable future as a result of COVID-19.
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The national average gasoline price dropped below $2 for the first time in four years, attributed to COVID-19 and the crude oil price war between Saudi Arabia and Russia.
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National average diesel prices as of Jan. 6, 2020 were $3.08 per gallon, up 7 cents from the year prior. U.S. propane/propylene stocks increased to 88.9 million barrels.
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The national average gasoline price increased 4 cents to $2.58 as 2019 comes to a close, a spike attributed to unexpectedly higher road travel during the holidays, according to AAA.
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