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Companies are spec’ing selectors to take advantage of more fuel-efficient vehicle technologies, such as higher-speed transmissions, turbocharged smaller displacement drivetrains, and, when possible, downsizing to a smaller vehicle.
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Higher fuel pricing has been the No. 1 factor contributing to higher operating costs in calendar-year 2018. Since fuel makes up the largest portion of fleet operating costs, it has strongly contributed to the increase in total fleet spend.
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AAA Travel projects that 50.9 million Americans will travel 50 miles or more away from home this Thanksgiving holiday weekend, an increase of 1.6 million travelers compared with last year. Car rental rates will hit a five-year holiday high at $70 per day.
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The stability of fuel pricing has been the No. 1 factor contributing to keeping operating costs flat in calendar-year 2017. Since fuel makes up the largest portion of fleet operating costs, it has helped keep a lid on overall fleet spend.
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Hurricane Irma's late shift to the west seems to have spared Florida the worst of the storm, but even with reduced impact, its effects are widespread.
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Hurricane Harvey, whose heavy rains brought devastating flooding to Houston and much of south Texas, may yet cause more trouble for the region-- the National Weather Service predicting an additional 25 inches of rain through the end of the week in certain areas.
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The average national gasoline price increased at least 3 cents in 39 states to reach $2.28, which is also 3 cents higher than it was a week ago, according to AAA.
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Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.
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WEX Inc. will offer crowd-sourced fuel station location information to consumers as part of a new partnership with smartphone app GasBuddy under a strategic partnership focused on the retail gasoline market for consumers.
Read More →Fuel prices in South Africa have increased due to the poor Rand/Dollar exchange rate and the higher price of crude oil based on an agreement by OPEC members to slash crude oil production.
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