3 articles
Brent crude fell 4.2% to $108.68 a barrel on November 2 as hopes for progress in Iran-related talks lifted markets. The drop is meaningful, but oil remains far above last year's level, leaving fleet fuel budgets exposed to a volatile market.
AAA says the national gasoline average fell 6 cents to $4.27 a gallon, but crude near $100 a barrel is limiting relief and keeping fleet fuel budgets under pressure.
The Energy Department plans to loan 315,000 barrels from the Northeast Home Heating Oil Reserve as diesel prices average about $6.32 a gallon. The action is temporary, but it puts fuel-cost controls back on the operating agenda.
The 5 stories fleet managers need this week. Every Friday.
Join fleet professionals who start their week informed