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The national average price of gasoline fell 2.9 cents per gallon to $3.265 for the week ending Nov. 4, reaching its lowest price point of 2013, according to federal data.
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Gasoline's national average price fell 6.6 cents to $3.294 per gallon for the week ending Oct. 28, marking the seventh decline in eight weeks, according to federal data.
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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.
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WEX stated the national retail price for a gallon of gasoline started the month at $3.55 per gallon, which is down close to 10 cents per gallon from where the price started in April.
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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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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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Effective July 1, 2013, the excise tax on gasoline in California will increase 3.5 cents per gallon following a vote Feb. 28, 2013 by the California State Board of Equalization (BOE).
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The latest Fuel Gauge Report from AAA shows increased prices across the U.S. since last week, with 46 states seeing higher average prices for a gallon of regular, unleaded gasoline. Prices did fall in four states, though, including Ohio, Indiana, Michigan, and Kentucky.
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REDWOOD CITY, CA – A recent survey of fleet professionals that received more than 300 responses, GreenRoad’s “Fleet Leader 2013 Outlook” study, found that rising fuel prices are the biggest concern in 2013 for fleet managers.
Read More →TORRANCE, CA - The U.S. Department of Energy and AAA are reporting that more fueling stations are operational in New York and New Jersey, and that the fuel distribution infrastructure in the northeast is slowly recovering.
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