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WEX stated the national retail price for a gallon of gasoline started the month at $3.55 per gallon, which is down close to 10 cents per gallon from where the price started in April.
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In AAA’s latest Monthly Gas Price Report, the outlook for prices is good for businesses that own a vehicle fleet, with the company predicting that gas prices will fall somewhere between $3.20 and $3.40 for the average summer price.
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Both retail and wholesale gasoline prices are dropping, according the monthly WEX Index. Diesel is also expected to decline due to weakening demand and the spring thaw.
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A new report from WEX says fears about summer gasoline supply caused the recent price increases and that gas prices should slowly fall throughout March. WEX also expects a drop in diesel prices, but not as much as for gasoline.
Read More →Effective July 1, 2013, the excise tax on gasoline in California will increase 3.5 cents per gallon following a vote Feb. 28, 2013 by the California State Board of Equalization (BOE).
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According to the monthly WEX fuel report, retail gasoline prices have hit their highest levels since October and have begun an early surge compared to previous years.
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According to WEX Inc., while gas hit its lowest price per gallon for 2012 on Dec. 20, a slight jump closed the year at the highest national average ever.
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While gasoline prices continued to drop in the month of November, diesel prices have stagnated. WEX said diesel prices will likely trickle down just slightly over the next few weeks.
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Despite fuel issues in the Northeast states, U.S. retail gasoline prices in October hit their lowest levels since July.
Read More →In response to these high prices, Gov. Jerry Brown directed the California Air Resources Board (CARB) to allow refineries in California to make an early switch to winter blend gasoline.
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