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The average price of a gallon of unleaded gasoline fell to $2.14 on Nov. 21, which marks the second-cheapest gasoline price since 2008 for the Thanksgiving Day holiday, according to AAA.
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The stability of gasoline and diesel prices over the past 36 months has been the No. 1 factor contributing to keeping fleet operating costs flat. Vehicle acquisition and used-vehicle prices are strongly influenced by low fuel prices.
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Without a doubt, the top two challenges facing fleet managers are cost containment and safety. This pressure is emanating from senior management, mandating fleet managers reduce costs and minimize liability exposure.
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It’s time to put another year in the books and look forward to 2016. Take some time to analyze current and future trends and how that will impact your fleet operation.
Read More →Since 2013, year-over-year fuel prices have remained flat. With fuel being 60 percent of total operating costs, lower per-gallon prices have put downward pressure on total fleet costs.
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Due to heavy traffic and poor road conditions, New York took last place in a ranking of the best and worst U.S. cities for drivers. Two Texas cities (Lubbock and Corpus Christi) took the top spots as the most driver-friendly.
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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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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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While hybrid vehicle sales are increasing, the total percentage of overall sales is not. Alternative-fuel vehicles are still garnering interest, but several factors are impacting sales.
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The national average price of gasoline is down 7.3 cents to $2.066 for the week ending Jan. 19, according to the U.S. Energy Information Administration.
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