Category: Fleet Management News

• May 4th, 2011
• Jackson Parker

Gas prices have risen for the past 42 consecutive business days and have increased 33 cents in the past month, closing in on the record 54 day streak of consecutive increases set from April 28-June 21, 2009 when the price climbed from $2.05 to $2.69 per gallon — an increase of 64 cents. A gallon of regular gas is averaging $3.97 a gallon in the US. This is an increase of 10 cents from one week ago, and $1.07 increase from one year ago.

In the last week, seven states have seen their average price rise to $4 or more for a gallon of regular gasoline, bringing the total to 13 states plus the District of Columbia at or above the $4 mark: Hawaii, California, Connecticut, Illinois, Alaska, New York, Michigan, Indiana, Ohio, Wisconsin, Rhode Island, West Virginia, Washington state and Washington, D.C. Several analysts are predicting that the majority of states will see $4 a gallon gas by the end of the week.

• May 3rd, 2011
• Jackson Parker

as prices have been rising and there seems to be no end in sight. For many cities across America, current prices are record high for this time of year. Gas prices are over $4 a gallon in 12 states plus the District of Columbia. Most analysts predict $4 will become the norm nationwide by the end of this week.

Gas prices have been on a steady incline since the beginning of February. 2011. With oil prices at their highest levels since 2008, gas prices are expected to continue climbing higher this summer, according to the U.S. Energy Information Association.

• April 28th, 2011
• Jackson Parker

Oil prices are hovering above $112 this week. Oil prices are currently up 15 cents at $112.36 a barrel on the New York Mercantile Exchange, as of Wednesday April 27, 2011. Oil prices increased after a U.S. Energy Department report showed that the gas stockpiles are at the lowest level since August 2009.

Gas inventories have dropped about 14% in the past nine weeks. With the peak summer driving season coming over the next 90 days, concerns about reduced gas supplies are increasing. Gasoline prices typically fall in the winter and rise in the spring as refiners switch to more expensive summer blends of gasoline and the demand for travel increases. Federal and local laws require different additives in summer to preserve air quality, but more expensive additives tend to drive up the price.

Violence and uncertainty in the Middle East and Africa is continuing to restrict the world’s oil supply, further driving oil and gas prices higher. With gasoline supplies falling and retail prices increasing, refiners can pay more for oil, and drivers can expect to pay more at the pump.

• April 27th, 2011
• Jackson Parker

The average price for a gallon of regular gas in the US has increased for 35 days straight. Gas prices have increased over 32 cents per gallon since March 22, 2011. The current average price for a gallon of self-serve regular gasoline is $3.86, according to AAA. This is up over 3 cents from a week ago, 29 cents from30 days ago and $1.01 from one year ago.

Drivers in most states will likely continue to see gas prices continue to increase over the next few months for several reasons.

Oil is holding its high price at over $112 a barrel. Yesterday three Texas oil refineries lost power, which will drive prices even higher. Oil analyst Tom Kloza says the shutdowns may have cut off 300,000 barrels of daily production.

Gas companies are currently in the process of changing from winter-blend to summer-blend gasoline, which is more expensive.

• April 26th, 2011
• Jackson Parker

California gas prices are astronomically high, especially when compared to other states in the US.  While Chicago currently has the highest gas prices in the continental US, 9 out 10 of the counties with the highest gas prices can all be found in the state of California. According to the AAA Fuel Gauge Report, the […]

• April 25th, 2011
• Jackson Parker

Gas prices in the US are currently averaging $3.85 for a gallon of regular unleaded. As painful as that is, some analysts think prices could increase to $5 per gallon.

If you think gas prices are high right now, some experts are saying ‘just wait’. There are several highly probable factors on the horizon that could drive gas prices even higher. If the dollar continues to weaken, if the violence in the Middle East continues to escalate, if the economy continues to rebound, or if hurricane season is severe this year, gas prices could shoot through the roof.

Five dollar gas is really not that hard to imagine. In some states it actually already exists. Several reports surfaced last week that five dollar gas prices had been seen in several states across the US including Florida, Connecticut and California.

• April 18th, 2011
• Jackson Parker

Gas prices have increased for the past 24 consecutive days and no one knows exactly how high they will go this year. Gas prices have risen 81 cents since the beginning of this year. Several experts are predicting that gas prices will break the highest ever recorded prices, set in 2008.

According to the AAA Fuel Gauge Report, the highest ever recorded average price in the US for gallon of unleaded regular gas is $4.11. For diesel gas, the record high is $4.84 per gallon. Both records were set on July 17, 2008.

In some areas, gas prices have already surpassed those levels. According to Gasbuddy.com, the highest prices are in Honolulu, where the average is $4.38. San Francisco is averaging $4.23. In Los Angeles, gas is averaging $4.20 a gallon. In Chicago and San Diego, it’s averaging $4.17. In Gary, IN and Long Island, NY, gas prices are averaging $4.01. In Miami, gas is at $3.87. The lowest gas prices are in Tucson, where gas is averaging $3.50.