Gas Prices Up 15 Cents in Last 30 Days

Currently a gallon of unleaded regular gasoline is averaging $3.70, up one cent from last week and up 15 cents in the last 30 days, according to the AAA Fuel Gauge Report. Diesel gas prices are currently averaging $3.89 per gallon, up one cent in the past week and up 6 cents in the past month.

This was the third consecutive week crude oil prices were under the increasing influence of worldwide debt concerns. Crude has traded near USD 97 for the last few days as investors wait for an outcome of the debt limit talks. Most analysts said that US debt default is still very unlikely but if it happened would devastate the economy.

The US states with the highest gas prices are as follows:

Hawaii – $4.13

Connecticut – $4.05

Alaska – $4.01

New York – $3.97

Illinois – $3.91

District of Columbia – $3.90

Maine $3.82

California – $3.81

Washington – $3.81

Massachusetts – $3.80

Michigan – $3.80

gps navigation deviceWhen gas prices are rising, investing in a fleet tracking system makes more sense than ever. A GPS fleet management system can help your company save time, money and and fuel.

For a fleet of 25 vehicles, idling time reduced by only 15 minutes per day can result in fuel savings of 562.5 gallons at a cost of about $2,075 per year at current gas prices. If you reduce idling time by 60 minutes, it would result in a fuel savings of 2,250 gallons at a cost of over $8,303 per year!

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Categories: Fleet Management News, Vehicle Tracking Systems