The price of oil has been coming down lately, as have the prices at gas stations. "Oil has lost more than $28 a barrel since reaching the record less than a month ago as unprecedented fuel costs prompted U.S. consumers to limit spending,"
according to an article in Bloomberg.com. How long will this last? Is this a temporary market condition - are we moving to the national average of $5 per gallon for gasoline that experts predicted a month ago? Whatever happens, gasoline and diesel prices are not going to drop down to $2.75 per gallon again. Fuel efficiency in fleet vehicles is still a top priority for operators, but even a short term price drop is better than having another week of price spikes.
Print | posted on Friday, August 08, 2008 8:44 AM