The summer of 2008 will be most remembered not for the weather, but for the ridiculous diesel fuel prices and gas price. Gas at the pump reached $4 a gallon, the highest price ever seen by the U.S and diesel fuel prices were over $5.00 in some areas. The result of a surge in crude oil prices, and weakness in the dollar, set crude oil at a record of $148.54 a barrel at the time; a 40% increase. Prices of fueling finally fell at the end of the summer giving us all some fuel savings and remained relatively steady at just below $3 a gallon, but will it get as high as the summer of ’08 again anytime soon?
Continue reading Fleet Fueling Analysis…Gas Prices & Diesel Fuel Prices Going Up?