Sokolis Group Fuel Management would like to share with you a few retail fleet fueling Fascinating Facts
- The national average has fallen for 15 straight days. It is now $3.648/gal, its lowest level since August 8th.
- The national average saw a one week decline of 12.5cts/gal, the biggest 7 day drop since December 11, 2008.
- However, the 365 day rolling average jumped to $3.597/gal, tying April 23rd of this year as the highest average in any 365 day period in history.
- Year-to-date prices are averaging $3.653/gal versus $3.552 in 2011 and $3.547 in 2008 putting this year on track to be the most expensive year ever.
- The median price fell overnight by one penny to $3.559, but is still 16cts/gal higher than last year.
- The most common price posted on signs around the country is $3.499/gal, down 10cts/gal from last week.
- The lowest 1% of stations average $3.129/gal, while the highest 1% average $4.645/gal making the range between the highest and lowest priced sites a whopping $1.52/gal. A year ago the range was just $1.05/gal.
- Despite price declines 9.5% of all stations in the country are still above $4.00/gal, while only 3.1% of all sites are under $3.25/gal. A year ago only 0.9% were above $4.00/gal while almost 12% of sites were below $3.25/gal.
- Michigan has seen the biggest weekly drop in prices with the average plunging 24.1cts/gal in the past 7 days. Ohio and Illinois have also seen prices plummet by more than 20cts/gal.
- Every state in the country is more expensive today than last year. Minnesota has the smallest year-on-year disparity with a differential of just 3.7cts/gal while California has the largest gap with drivers paying 54.2cts/gal more than last year.
- Alaska and Utah are the only two states that saw their average price increase in the past week. Alaska was up 2.9cts/gal and Utah was higher by 3.3cts/gal.
- Missouri has the largest percentage of stations priced under $3.25/gal with 29.8% all sites below that threshold.
- Excluding Alaska and Hawaii, California has the largest percentage of stations priced above $.4.00/gal with a whopping 98.4% of all sites above that dreaded benchmark. A year ago only 5.2% of all sites in the Golden State were above $4.00.
- Nevada has the largest range in prices with a differential of $1.09 between the highest and lowest priced stations. A year ago the range was 76cts/gal.
- Vermont has the smallest range between the high and low sites. The variance was just 38cts/gal. A month ago the range was even smaller at just 23cts/gal.
Just wait, I think these fleet fueling prices for gas and diesel fuel will continue to fall.