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FieldLogix is a top news source for fleet management news. We are constantly evaluating the market for top fleet management trends and report our findings to you. We are the go-to source for many fleet managers and analysts that cover the fleet management industry. Our extensive knowledge of the market ensures that we are capable of supplying fleet management news that is credible, timely, and informative.
Gas prices rose again today. Today’s national average for unleaded regular is $3.60 per gallon, an increase of over 5 cents from last week, according to the AAA Fuel Gauge Report.
Alaska gas prices reached $4.06 and Hawaii is at $4.25. New Jersey has the lowest price in the continental U.S. at $3.40 a gallon and California the highest at $4.04 a gallon.
The current average price for a gallon of regular unleaded gas in the US is $3.595, the highest ever for this time of year. Prices have risen over 2 cents since last week and are up over 22 cents from 30 days ago, according to the AAA Fuel Gauge Report, Wright Express and the Oil Price Information Service. The biggest increase was on the West Coast, where gas prices were up six cents and remained the most expensive of the major regions at $3.92 per gallon.
According to the US Energy Information Administration (EIA):
The recent rapid increase in spot crude and gasoline prices has led to a significant rise in retail product prices. Motorists currently experiencing a jump in pump prices will likely see further increases from now through the spring since the recent increase in crude oil prices has not yet been fully passed through to gasoline prices.
EIA expects the retail price of regular-grade motor gasoline to average $3.56 per gallon in 2011, 77 cents per gallon higher than the 2010 average and about 40 cents above the projected price in the previous Outlook. EIA projects gasoline prices to average about $3.70 per gallon during the peak driving season (April through September) with considerable regional and local variation.
Reduce Operating Costs. By monitoring activities like speeding or excessive idling you can not only save fuel, but reduce damage… Read more »
Today the US average for a gallon of unleaded gas is $3.584, according to the AAA Fuel Gauge Report. Gas prices have risen 4 cents in the past week. Gas prices are up 74 cents from one year ago. Prices are at their highest level since 2008, in part because of the Japan earthquake and turmoil in the oil-producing Middle East. Gas price reached the highest price ever recorded during the month of March, according to ABC News. The state averages for a gallon of gas topped $4 in California, Alaska and Hawaii.
Oil futures settled today at $103.98 after reaching a high of $105.76 earlier in trading. On Friday, oil futures settled at $105.40 a barrel, the third consecutive day above $105, according to the Chicago Mercantile Exchange Group.
Continuing unrest in Libya as well as other North African and Middle Eastern countries has led to the highest crude oil prices since 2008. As a result, the US Energy Administration has raised its forecast for the average cost of crude oil to refiners to $105 per barrel in 2011, $14 higher than its previous price estimate.
Over 200 trucking companies were named as defendants last week in a lawsuit filed over patent infringement for GPS-based vehicle tracking technology by PJC Logistics. According to recent legal documents filed in 8 federal court districts across the US, PJC Logistics LLC is claiming to be the sole owner of the GPS vehicle tracking technology patent, and that other users of the GPS vehicle tracking technology are doing so without legal permission. PJC Logistics is claiming that each of the carriers they are suing either “uses or directs others to use its electronic location-based fleet management and tracking system in its fleet of vehicles.”
211 trucking companies are named as defendants in the lawsuit, but many more companies are reported to actually be using the fleet management technology. No one knows why certain companies are being targeted, while others are not. The legal documents do not disclose the basis for selecting carriers.
Would you like to improve customer service, reduce your operating costs, have more control of your employees and assets, and “go green” by reducing your vehicle emissions? There are a number of cost-effective solutions available to help fleets increase productivity, improve driver safety, and ensure fleet operations run as efficiently as possible.
A telematics-based GPS fleet management system can increase the profitability and productivity of any company with mobile employees, vehicles or other mobile assets. A growing number of fleets are turning to GPS tracking systems as the most cost-effective tool to curb excessive idling and other fuel-inefficient driver behaviors.
Verizon Inc. successfully reduced fuel costs by curbing unnecessary engine idling, according to Automotive Fleet. Verizon estimates unnecessary idling costs the telecommunications company about $20 million annually. Verizon uses a combination of GPS tracking and employee education to curb unnecessary engine idling.
Gas prices have continued to rise all week. On Friday March 25, 2011, the current average for a gallon of unleaded fuel in the US is $3.561. The average for a gallon of diesel is $3.946, according to the AAA Fuel Gauge Report. One week ago gas was slightly less, averaging $3.54 a gallon. One month ago the average was $3.19 a gallon, an increase of over 37 cents.
Gas prices topped $4 a gallon this month all over Southern California – from Los Angeles to Bakersfield, Santa Barbara, San Luis Obispo, and many, many more cities. The current average for gas in California is $3.993 a gallon. In San Diego, many drivers cannot find gas for less than $4/gallon. In downtown San Diego, gas is going for $4.20 per gallon of unleaded regular.
Some experts have said that gas prices in California may have peaked. Others do not agree.
March 24, 2011 – Gas prices this week remain high this week. According to the AAA Fuel Gauge Report, the national average for a gallon of unleaded gas is hovering around $3.55. Diesel gas prices have steadily been increasing, and the US average is $3.94 a gallon. In California, regular gas is at $3.98 average and diesel is at $4.33.
The Chicago Department of Fleet Management is benefiting from forward contracts because the forward contracts set the city’s purchase price for unleaded and diesel fuel before the price of oil and gas shot through the roof. Gas prices have shot up roughly 37 cents in the last two weeks alone.
Forward gas purchase contracts are part of the City’s fleet management efforts to protect their budgets against rising gas prices. The higher the gas prices go, the better the decision to lock in prices looks.