THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The market is shifting and you don’t want to be caught off guard. Pay attention to gas prices and retail buying trends, as well as the resale market so you don’t get caught with the wrong vehicle at the wrong time.
2017 has brought higher gas taxes in seven states: Pennsylvania, Michigan, Nebraska, Georgia, North Carolina, Indiana and Florida. Here's a video report from USA Today.
Although prices have fallen nationwide recently, five cents since last week and seven cents compared with a month ago, prices remain high in some states in the Western U.S. due to refinery issues in California, AAA stated.
The U.S. Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for this month.
Gas prices have remained steady lately, with an average price for regular unleaded gasoline at $3.54 per gallon, according to AAA’s latest Fuel Gauge Report.
AAA released its monthly fuel price outlook, which noted that the national average price of gasoline rose 14 cents in July, from $3.49 to $3.63 per gallon. This was the largest monthly increase since February.
AAA said higher summertime demand for gasoline, along with more expensive crude oil prices, and possible supply disruptions caused by hurricanes in the Gulf Coast region, are likely to keep pushing prices upward.
AAA released its latest Fuel Gauge Report, which said the national average price for a gallon of regular unleaded gasoline is $3.67, as of July 22. This price is 6 cents higher than on July 15 and 20 cents higher than on July 22 last year.
The national average price for a gallon of regular, unleaded gasoline was $3.61 on Monday, July 15, according to AAA’s latest Fuel Gauge Report. This price is up 14 cents over last week and is 22 cents higher than on the same day last year.
In a new report, AAA said that the average nationwide price of a gallon of regular unleaded gasoline has fallen to a five-month low of $3.48. This is the lowest price since Feb. 1.