Although we are currently down 56 cents from last year’s national
average, according to the Energy Department’s latest Short-Term Energy Outlook,
diesel and gasoline prices are on the rise and are expected to move even higher
the rest of this year and continue into 2017.
During the 2016 summer driving season (April through
September), the EIA expects the retail price of regular gasoline will average
$2.19/gal. They forecast the U.S. average retail price would reach a peak of
$2.37/gal in June and then fall to an average of $2.19/gal in September. The
U.S. regular gasoline retail price is projected to average $2.06/gal for 2016,
down from last year’s average of $2.43/gal, and $2.26/gal in 2017. The diesel
fuel prices are expected to average $2.30/gal in 2016 and predicted to match last
year’s average of $2.71/gal in early 2017 and upwards of $2.86 per gallon in
the final three months of 2017.
Brent crude oil prices were at a 12-year low of $31 per
barrel in January and increased to an average of $47 per barrel this last May. According
to August reports, crude oil prices are forecast to average $42 per barrel for
2016 and $52 per barrel in 2017. The crude oil increase is an effect of growing
global oil supply disruptions, rising oil demand, and falling U.S. crude oil
production.
Fleetwest has the solutions to increase your fleet fuel
economy. We offer a line of lightweight, fiberglass Composite Truck Bodies (CTB) that
follow the Sustainable Fleet Standards by increasing efficiency, reducing
emissions, and saving on fuel costs. All of which convert to savings for fleet management. Composite Truck Bodies are
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Fleetwest offers the most efficient transferable
service bodies for the trades industry, including construction, plumbing, telecom and
mechanical industries. Call us today and start saving for tomorrow. Toll-free in the U.S. (866) 497-7200
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