I know last month I told you both gas prices and diesel fuel prices were going to go lower. Stay with me on this, fleet fueling will go lower. Right now we have speculation in many different markets going wild. Have you seen the price of your morning coffee. It is at its highest level per pound in 34 years. Why? The same reason fuel prices are up. Speculators are using coffee as a hedge against inflation and other market insecurities.
We all know that fleet fueling prices have gone up. We see it everyday at the pump. We feel it in our wallets. But why? Is it because of supply and demand? Is it because of volatility in the Middle East? Just what exactly is driving diesel and gasoline prices higher? It’s simple. The way this fleet fueling professional sees it, it’s all because of a four-letter word that begins with F.
It’s easy to take a seat on the sidelines and believe all of the things you read in the headlines about diesel fuel prices and gas prices going even higher. Of course those kinds of stories make news and help ratings. So, to answer the question in my own headline, ‘Are diesel fuel prices going up?’ – you betcha.