Fuel prices can make or break a fleet's budget, and as a fleet manager, being attuned to these fluctuations is not just advantageous; it's essential. So, where's the cheapest gas at?
A report by car subscription provider FINN revealed the top 10 U.S. states with the cheapest gas, with Texas at the top of the list.
As Q2 shows a decrease in fuel consumption, see what kind of impact this has on fuel prices and the industry in this video with Mike Antich.
The national average price of gasoline has jumped nearly 40 cents for the week of March 15, 2021, following last month’s winter storm in Texas.
This week's national average is nearly 40 cents more expensive compared to a year ago, which was right before state lockdowns started.
The increase represents a 30 cent increase from the beginning of February, and is 28 cents more than a year ago, AAA said.
The average national price for gasoline is at $2.51 according to Feb. 16, 2021 data, which is up five cents from the previous week and will soon be more expensive than the highest price of 2020 despite low demand.
This past Saturday, Feb. 6, 2021 was the first time in 340 days the national average was more expensive than a year ago, according to AAA.
The average continued to climb this past week despite a drop in gasoline demand and refinery utilization.
The national average price for gasoline is a nickel more than last week, but is still cheaper year-over-year by 17 cents.
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