Posts Tagged ‘gas’
Gas and Diesel Rising This Summer
Wednesday, April 14th, 2010
Summer is coming, and that means the return of the annual gas price spike. Make sure your fleet makes plans for higher prices and spends wisely! Business Fleet has the story on what you can expect:
The Energy Information Administration (EIA) forecasted higher gasoline and diesel prices in its monthly short-term energy and summer fuels outlook.
The EIA forecasts that gas will be almost 50 cents higher during this summer’s driving season (the period between April 1 and September 30), climbing from $2.44 per gallon to $2.92 per gallon.
Gas prices are forecasted to average $2.84 in 2010 and $2.96 in 2011, up from $2.35 per gallon in 2009, primarily because of projected rising crude oil prices.
Diesel fuel prices averaged $2.46 per gallon last summer, but are projected to average $2.97 per gallon this summer. Diesel prices are forecast at $2.95 and $3.12 per gallon in 2010 and 2011, respectively.
Diesel’s national average topped $3 for the first time since November 2008, jumping 7.6 cents to $3.015 a gallon.
Oil averaged $81 per barrel in March, almost $5 higher than the previous month and $3 over the previous month’s short-term outlook. The Department of Energy
said it expects crude to average above $81 per barrel this summer, slightly less than $81 for the year, and then rise to $85 per barrel by the fourth quarter 2011.
Photo courtesy of kate at yr own risk under the Creative Commons License
Tags: Diesel, EIA, forecast, gallon, gas, month, prices, rising
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Gas and Diesel to rise in 2010, 2011
Thursday, February 25th, 2010
Via Heavy Duty Trucking:
In the February edition of its monthly Short-Term Energy Outlook released this week, the DOE’s Energy Information Administration slightly lowered its expectation for diesel prices in 2010 and slightly raised its projection for 2011.
The EIA said it expects diesel prices to average $2.95 per gallon in 2010 and $3.16 in 2011, off from last month’s projections of $2.98 and $3.14 a gallon, respectively. The agency attributes the diesel prices to the expected recovery in the consumption of diesel fuel in the U.S., and the growth of distillate fuel usage outside of the U.S.
The report says gasoline retail prices have followed crude oil prices over the last few months in terms of its fluctuations. Gas prices are projected to average $2.84 per gallon in 2010 and $2.97 per gallon in 2011, the EIA reports.
“Average regular-grade pump prices may top $3 per gallon at times during the upcoming spring and summer and will easily pass that benchmark in high-cost regions, such as the West Coast,” the report said. “Due to forecast growth in motor gasoline consumption, the difference between the average gasoline retail price and the average cost of crude oil increases slightly in both 2010 and 2011.”
Is your fleet ready for an increase in fuel prices? Now may be a good time to reevaluate your fuel efficiency practices!
Photo courtesy of wheany under the Creative Commons License.
Tags: agency, Diesel, DOE, EIA, energy information administration, fleet, gallon, gas, prices, pump prices, report, trucking
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Gas Prices to Return to Near $3 Per Gallon by Summer
Monday, November 30th, 2009
The Energy Information Administration (EIA) predicts that gas prices will reach an average of $2.81 per gallon in 2010 and will climb to nearly $3 per gallon next summer.
“Higher crude oil prices throughout the forecast period” will contribute to the increase, say EIA officials. The average price of gas in 2009 is expected to be $2.36 per gallon.
“Projected annual average diesel fuel retail prices are $2.48 and $2.94 per gallon, respectively, in 2009 and 2010,” according to the EIA.
With an increase in fuel prices on the horizon, it is important to make sure your fleet is running at maximum fuel efficiency. Here are a few simple tips to make sure you are getting your money’s worth at the pump:
- Keep your engine properly tuned. Regular maintenance will save you a bundle in the long run.
- Keep all vehicles’ tires inflated to the manufacturer-recommended pressure.
- Use the correct grades of motor oil and gasoline to ensure optimal performance for each vehicle.
- Drive sensibly and observe posted speed limits.
Photo courtesy of Tortuga One under the Creative Commons License.
Tags: Diesel fuel, EIA, energy information administration, fleet, fleet management, fuel efficiency, gas, gas prices
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5 Ways to Save on Fuel
Thursday, August 13th, 2009
Tips from fleet operators like you
BusinessFleet collected some tips of the trade from fleet operators who’ve figured out ways to save (that maybe you haven’t).
Ship it to save a trip
“We are moving toward a system in which we drop ship medical supplies to the patient’s home. Shipping costs are outweighed by alleviating the cost of having the clinician come into the office to pick up supplies,” said Larry Leahy, vice president of Foundation Management Services, a home care and hospice services provider in the Southwest.
Weigh Your Delivery
Gem Plumbing of Lincoln, R.I. weighs every delivery, says Larry Gemma, co-owner. Each truck used to haul 1,139 plumbing parts. The company removed 300 pounds of unneeded parts from each truck, and now the miles per gallon on each truck improved from 7.1 to 7.35.
Find the Cheapest Gas
The article reminds us that fuel prices can and will vary as much as 20¢ per gallon within a couple miles. So before you set out, find the cheapest gas on your route by visiting GasBuddy.com.
Email Fuel-Saving Tips to Drivers
Shelly Lofgren, a fleet manager for Honeywell International, signs off her emails with fuel-savings tips like maintaining proper tire inflation, maintaining posted highway speeds and no unnecessary idling.
Get a Fleet Fuel Card
A fuel management program not only controls fuel costs, but operating costs as well. It’s a good way to prevent unauthorized driver purchases, by regulating when, where and how it can be used. There are lots of programs out there. Be sure you find the card that fits your fleet.
Photo courtesy of Hey Paul under the Creative Commons License.
Tags: Business Fleet, drop shipping, fleet fuel card, fleet manager, fleet operators, FleetCards USA, Foundation Management Services, fuel prices, Fuel saving tips, gas, GasBuddy.com, Gem Plumbing, Honeywell International, Miles Per Gallon
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Gas Prices Continue to Rise for Fleets
Tuesday, June 23rd, 2009
The Energy Department reported Monday that gasoline prices rose for the eighth straight week, with the national average for unleaded gas up 2 cents to $2.69 a gallon.The increase is the smallest since fuel costs started rising in April and analysts are saying that prices should top out not much higher than $2.70 a gallon.
While the price are still a little high for fleet managers trying to keep operating costs down, costs are much more manageable compared to last summer. At this time last year, the national average was $4.08 a gallon.
This summer prices are leveling out sooner because of cheaper crude oil and less demand due to the struggling economy.
Breaking down prices by regions, the West Coast had the most expensive prices, averaging $2.93 a gallon. Gulf Coast states had the cheapest gas at $2.56 a gallon.
What are prices like in your part of the world? Let us know.
Tags: Energy Department, fleet managers, fuel, gas, gas prices, operating costs, USA Today
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Average Gallon of Gas $2.12, Diesel $2.26 in 2009
Thursday, May 21st, 2009
If you don’t have a fleet card to lock in a rate or prevent unauthorized purchases, it can be difficult to manage, let alone predict, your fuel expenses. But having a good idea of what you’ll spend on gas this year helps.
The Department of Energy said the national average price for regular gasoline at the end of 2009 will be $2.12 per gallon, according to a story from businessfleet.com.
Diesel fuel will average $2.26 a gallon this year and rise to an average $2.48 in 2010. Gas prices will rise to $2.30 avg. per gallon in 2010, 12 cents under the previous forecast, while diesel fuel will rise to an average $2.48 per gallon next year.
For today’s average gas price in your city, click here.
As we mentioned above, a fleet card can better control your fuel costs while saving you cash along the way. If you don’t have one and would like to know more, visit fleetcardsusa.com.
To read the entire article click here
Photo copyright of Alberto.. under the Creative Commons License
Tags: avergae gas price, businessfleet.com, department of energy, Diesel fuel, fleet card, fleetcardsusa, gas, gas prices
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