Diesel fell for the first time in 10 weeks, dipping half a cent to $4.142 a gallon, while gasoline rose for the 10th straight week. Gas gained 2.3 cents to $3.941 a gallon, its 14th increase in 15 weeks. The diesel drop — which was just the second in the past 13 weeks — leaves trucking’s main fuel 16.6 cents over than the same week last year. Gasoline is 25.7 cents higher than a year ago. The only other diesel decline since early January was a 0.6-cent dip on Jan. 23. Since then, diesel has risen a cumulative 35.9 cents at the pump. Gasoline has jumped a cumulative 71.2 cents since mid-December, falling in only one week, a 0.2-cent dip on Jan. 23.
With fleet fueling prices going crazy it’s a time to review current policies that your company has. I can’t think of a policy that can help your fuel management program better then reviewing you’re what you do for fleet fueling. Did I hear you say you don’t really have a policy, now is the time to start your fleet fueling program.
Let’s think about this, could diesel fuel prices and gas price relief be in the air? Today Saudi Arabia’s powerful oil minister, Ali Naimi, made a rare intervention into overheating oil markets on Tuesday, declaring that high oil prices were “unjustified” and vowing that the kingdom would boost its output by as much as 25 percent if necessary.
I stopped by one of my favorite regional convenience stores the other day.