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According to WEX Index's January fuel prices report, the national average is holding steady at $3.27 per gallon, nearly 25 cents below where it was a year ago.
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According to WEX Index's December fuel prices report, the national average started 2014 at $3.31 per gallon — the highest prices ever to start a year.
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The national average price of gasoline fell three cents to $3.239 a gallon for the week ending Dec. 16, remaining just above a three-year low due to favorable energy economics.
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As the end of the year approaches, gasoline prices are on a steady decline with the national average at $3.25 per gallon. Meanwhile, diesel prices are expected to move higher toward $4 per gallon.
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FleetAdvance from Comdata allows fleets to find lower-priced fueling stations, set fuel price thresholds and track fuel savings in real time.
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The national average price for gasoline continued its decline, falling 7.1 cents to $3.194 for the week ending Nov. 11, reaching its lowest level in almost three years.
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According to WEX’s September fuel prices report, the national average dropped more than 20 cents per gallon to $3.37 — 40 cents per gallon lower than a year ago.
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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.
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Despite the continued turmoil in the Middle East, the U.S. average retail price has fallen 15 out of the last 17 days. Experts believe that this trend will continue for the rest of August.
Read More →A University of Michigan study found that diesel vehicles generally save owners $2,000 to $6,000 during a three- to five-year period over gasoline vehicles.
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