Fuel Prices to Rise by Late February

In a recent article from Automotive Fleet, Wright Express (WEX)’s latest fuel report indicated that gasoline saw uneven increases across the country. California wholesale prices actually backed off to about $2.80 per gallon due to a report of imminent imports, and diesel increased 12-18 cents a gallon higher because of the loss of some European production and robust exports. Wholesale diesel cost well above $3 per gallon in nearly every portion of the country.

For fleet management system managers, expect to see gasoline prices at the pump to slowly rise over the next few weeks, however it won’t be too noticeable. Experts don’t expect prices to rise until late February, however new records are forecasted to be set somewhere between April 1 and May 5.