MENU
SEARCHWhile gas prices continued to climb through August and are expected to continue to increase in the near term, Wright Express said that prices are expected to drop again by the Thanksgiving holiday.
Source: Wright Express
Wright Express (WEX) has released the latest edition of its fuel prices index, noting that retail gasoline prices surged in August to an average of $3.83, which is the highest level since the end of April.
The price of gasoline increased 30 cents between the beginning and end of August. WEX cited the same reasons for the rise in prices as others have recently, including several refinery issues and Hurricane Isaac, along with the use of summer spec gasoline during the driving season.
For fleet managers concerned about how far prices will really drop, WEX said the drop could be substantial. The switch to the less-expensive type of is set for Sept. 15, WEX stated. The company said some analysts are forecasting a major drop in prices — up to 50 cents per gallon, by Thanksgiving (barring unforeseen supply disruptions).
Diesel prices are back above $4 per gallon, on the other hand, and WEX stated that industry analysts expect prices to go even higher in the near future due to supply constraints.
Wright Express Monthly | |||
|---|---|---|---|
CITY | STATE | UNLEADED | DIESEL |
Atlanta | GA | $3.67 | $3.94 |
Boston | MA | $3.75 | $3.98 |
Chicago | IL | $4.18 | $4.02 |
Dallas | TX | $3.55 | $3.82 |
Denver | CO | $3.47 | $3.90 |
Detroit | MI | $4.01 | $4.04 |
Houston | TX | $3.52 | $3.79 |
Los Angeles | CA | $4.10 | $4.29 |
Memphis | TN | $3.52 | $3.84 |
Miami | FL | $3.78 | $4.00 |
Minneapolis | MN | $3.71 | $3.96 |
New Orleans | LA | $3.55 | $3.79 |
Philadelphia | PA | $3.75 | $4.05 |
Phoenix | AZ | $3.43 | $3.92 |
Portland | OR | $3.90 | $4.09 |
San Francisco | CA | $4.16 | $4.38 |
Seattle | WA | $3.97 | $4.32 |
St. Louis | MO | $3.63 | $3.83 |
Washington | DC | $3.99 | $4.17 |
National Average | U.S. | $3.70 | $3.95 |
The chart below shows gasoline and diesel price trends.
Source: Wright Express
To see last month's fuel report from Wright Express, click here.
AI-powered inspections are transforming last-mile fleets by replacing manual checks with highly accurate automated scans that detect defects in seconds. By giving fleet operations visibility into the daily condition of their vehicles, you can identify trends over the vehicle’s lifecycle that enable improved procurement decisions, route management, driver training and accountability.
Read More →
Still managing your motor pool with spreadsheets and manual approvals? Loyola University replaced outdated processes with automated fleet management, eliminating overtime and saving up to $50,000 annually. See how they did it.
Read More →
48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
Read More →
There are five ways seat belts protect occupants from injuries, according to the Tennessee Department of Safety and Homeland Security.
Read More →
What does AI mean for fleets? Get the answer — and learn other top tech trends.
Read More →
Check out how small fleets and independent drivers power Wreaths Across America each December and why their impact matters more than ever.
Read More →
A new VMS survey shows small fleet managers are stretched thin, with most handling operations solo and eager to adopt digital tools for relief.
Read More →
This video features a reminder from the Connecticut Department of Transportation (DOT) and the Connecticut Police Chiefs Association, urging drivers to prioritize safety this Halloween.
Read More →
VMS’s new Co-CEO, David Prusinski, shares how an AI-first approach will give small fleets and repair shops the tools to compete like big players.
Read More →
Three fleets share best practices to prep vehicles for winter and prevent downtime when the cold sets in.
Read More →
