WEX Reports Gasoline Prices Headed Down and Diesel Headed Up Through End of the Year
WEX’s August fuel prices report found that demand was up in July and August and that the crisis in Syria is pushing the price of crude oil higher.

This chart details the price trends for unleaded gasoline and diesel fuel at retail since 2011. Chart courtesy WEX Inc.
WEX’s August fuel prices report found that demand was up in July and August and that the crisis in Syria is pushing the price of crude oil higher. WEX noted that the U.S. Department of Energy reported that demand for gasoline increased close to 1 percent compared to the same period in 2012. That said, analysts predict demand will eventually fall as newer, more fuel-efficient vehicles arrive on U.S. roads and the population continues to age.
The crisis in Syria has pushed crude oil prices above $100 per barrel even though that country is not a major oil supplier and the U.S. doesn’t receive much oil from that region. Domestic U.S. production has increased to levels not seen since the 1980s, according to WEX, and forecasts predict the U.S. will use more oil from North America in the future. WEX went on to state that most experts predict crude oil prices will fall once the crisis is resolved, with wholesale prices falling as refiners switch to producing winter spec fuel.
Looking ahead, analysts predict the national average price for a gallon of gasoline could drop below $3.25 per gallon before the end of the year and some regions could see prices as low as $2.50 per gallon.
Analysts predict diesel prices, on the other hand, will rise to greater than $4.00 per gallon as winter approaches and the demand for heating oil rises.

This chart details the price trends for unleaded gasoline and diesel fuel at retail since 2011. Chart courtesy WEX Inc.
Originally posted on Automotive Fleet
More Small Fleet

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools
Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.
Read More →
Boosting Last-Mile Fleet Uptime, Safety, and Value with AI Vehicle Inspections
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 →
Five Ways Seat Belts Help Prevent Injuries
There are five ways seat belts protect occupants from injuries, according to the Tennessee Department of Safety and Homeland Security.
Read More →
It’s here: The 2026 Fleet Technology Trends Report
What does AI mean for fleets? Get the answer — and learn other top tech trends.
Read More →
Small Fleets, Big Impact: How Independent Drivers Power Wreaths Across America
Check out how small fleets and independent drivers power Wreaths Across America each December and why their impact matters more than ever.
Read More →
VMS Survey Finds 65% of Small Fleet Managers Run Operations Alone
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 →
Tips for Driving Safely on Halloween Night
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 →
AI, Access, and Uptime: VMS’s Next Chapter with David Prusinski
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 →
Fleet Managers Share Winter Prep Tips: It's Never Too Early!
Three fleets share best practices to prep vehicles for winter and prevent downtime when the cold sets in.
Read More →
Hot Weather Driving Tips for Fleet Drivers
As we head into another potentially extreme summer season, the risks for fleet drivers remain high, from engine strain and tire blowouts to unpredictable traffic patterns. An expert shares advice on how fleet drivers can boost their safety during the steamy summer months.
Read More →
