U.S. Diesel and Gas Prices Predicted to Drop in 2013

The Energy Information Administration (EIA) predicts that gas prices in the U.S. should average $3.43 per gallon in 2013, compared with $3.63 per gallon in 2012 and $3.53 per gallon in 2011. The agency also predicts that diesel fuel prices should fall from the current average of $4.02 per gallon to $3.84 per gallon in 2013.

In the Rocky Mountain region, the price for diesel has dropped the most, as compared to 2011. There, the price has decreased 4.7 cents per gallon.

Gas prices have dropped the most in the Midwest, where it dropped 14 cents per gallon, followed by the Rocky Mountains and the West Coast.

Chief analyst at the Oil Price Information Service (OPIS), Tom Kloza, predicts “that gasoline prices could reach a two-year low as consumption is off 2% to 3% versus last year.”

This is great news for fleet managers trying to maintain fuel expenses. Since fuel prices are sure to fluctuate throughout 2013, relying on just more affordable diesel and gas may not achieve the business goals desired. Another tool a fleet manager can use is a green GPS tracking solution. Green GPS tracking solutions provide all the mapping, dispatching, and reports of other GPS tracking systems plus driver behavior monitoring. Changing drivers’ behavior to be more efficient and less wasteful is a sure way to save fuel costs, regardless of the price per gallon.

Source: http://fleetowner.com/fuel/us-diesel-and-gasoline-prices-continue-tumble; Photo: http://news.yahoo.com/gasoline-prices-soon-hit-low-point-2012-200152445–finance.html

Categories: Gas Prices

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