Historically prices are highest in July and August because Americans drive the most during these two months, according to the Federal Highway Administration. Additionally prices also rise in the spring and summer as refiners switch to more expensive summer blends of gasoline. Federal and local laws require different additives in summer to preserve air quality, but more expensive additives tend to drive up the price.
There are several other factors that could push gas prices even higher. If the U.S. defaults on its debt, it would send shockwaves through oil markets that could push fuel prices even higher, analysts said Monday.
Many are also hoping that the hurricane season is mild this year, as a big storm could decrease the output by refineries. This would absolutely increase prices.
When gas prices are rising, investing in a fleet tracking system makes more sense than ever. A GPS fleet management system can help your company save time, money and and fuel.
For a fleet of 25 vehicles, idling time reduced by only 15 minutes per day can result in fuel savings of 562.5 gallons at a cost of about $2,075 per year at current gas prices. If you reduce idling time by 60 minutes, it would result in a fuel savings of 2,250 gallons at a cost of over $8,303 per year!
FieldLogix Driving Top of the Week
Stay current on maintenance. Keeping a car running properly helps achieve maximum fuel economy. Be sure to follow the manufacturer’s recommended maintenance schedule, and do not ignore vehicle warning lights that indicate something is wrong. Warning lights can signal problems that will greatly decrease a car’s fuel efficiency.