Gas Prices Drop Eleven Cents in Past Week

For the thousands of drivers getting ready to hit the road for the upcoming Memorial weekend holiday, there is finally good news about gas prices. The current average price for a gallon of unleaded regular gas in the US is currently $3.85, eleven cents less than one week ago. Prices are only one cent higher than they were averaging a month ago, according to the AAA Fuel Gauge Report.

Diesel fuel prices are also on the decline.  Diesel fuel is currently averaging $4.06 a gallon, seven cents less than one month ago. The decrease in diesel fuel prices effects the whole economy because prices of items people consume everyday from food to toilet paper are affected by gas prices.

There is a lot of uncertainty over where prices are heading this summer. Some analysts have said that gas prices may have peaked early this year and will continue to decline. Other experts say that prices will continue to rise and fall over the next several months.

The recent surge in fuel prices has caused fears of inflation to skyrocket. Now that prices seem to be decreasing, those fears may start abating.

For companies who are effected by the rising gas prices, investing in a GPS-based fleet tracking system may make more sense than ever. Fleet tracking can help companies immediately save on fuel costs and can tighten efficiency, reduce maintenance and labor costs, and also reduce vehicle emissions – which is great for the environment and the bottom line


Categories: Fleet Management News, Vehicle Tracking Systems