THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Southern California Gas Co. is lowering the price of compressed natural gas at its 13 public access natural gas vehicle fueling stations by 12 cents per gallon beginning April 1.
The national average price of gasoline increased 2 cents to $2.28 per gallon during the week, which also saw at least a 10-cent increase in several states, according to AAA.
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.
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.
Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
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.
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.
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.
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.
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.