Magazine for the car and truck fleet and leasing industry
Issue link: https://autofleet.epubxp.com/i/186381
www.automotive-feet.com Editor and Publisher Ed Bobit FUEL REPORT Vice President Group Publisher, FleetGroup Sherb Brown Strong Demand and Global Turmoil Push Prices Higher but Relief on the Way (310) 533-2451 According to the Department of Energy (DOE), the demand for gasoline was up by as much as 1 percent compared to the summer of 2012. The ongoing Syrian crisis has pushed crude prices above $100 per barrel again, despite the fact that the U.S. receives very little oil from the political hotspot. Domestic production in the U.S. is up to levels not seen since 1980, and the forecast is that more oil used in the U.S. will originate from North American sources. Barring a major outbreak of war in the Middle East, most experts believe crude prices will fade once the crisis concludes, and wholesale prices will see large drops as refners switch to easier and cheaper ways to make winter spec of fuel. Most analysts predict that the national average could fall below $3.25 per gallon before the year ends with some areas seeing gasoline prices as low as $2.50 per gallon. Market watchers predict that the national average for diesel fuel is headed above $4 per gallon. GASOLINE AND DIESEL TRENDS Retail Fuel Prices as of August 2013 CITY Atlanta, GA Boston, MA Chicago, IL Dallas, TX Denver, CO Detroit, MI Houston, TX Los Angeles, CA Memphis, TN Miami, FL Minneapolis, MN New Orleans, LA Philadelphia, PA Phoenix, AZ Portland, OR San Francisco, CA Seattle, WA St. Louis, MO Washington, DC GAS DIESEL $3.52 $3.72 $3.78 $3.47 $3.50 $3.60 $3.44 $3.95 $3.41 $3.63 $3.52 $3.41 $3.63 $3.46 $3.82 $3.97 $3.89 $3.49 $3.83 $3.86 $3.98 $3.95 $3.80 $3.82 $3.96 $3.74 $4.18 $3.78 $3.95 $3.83 $3.75 $3.96 $3.81 $3.88 $4.33 $4.10 $3.68 $3.98 Retail Alt-Fuel Prices as of July 2013 REGION CNG* PROPANE AUTOGAS** New England Central Atlantic Lower Atlantic Midwest Gulf Coast Rocky Mountain West Coast $2.57 $2.22 $2.01 $1.86 $2.03 $1.82 $2.43 $3.14 $2.76 $2.83 $2.83 $2.47 $2.91 $2.99 *CNG measured by price per gas gallon equivalent (GGE). **Propane autogas measured by price per gallon. New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut Central Atlantic: New York, New Jersey, Pennsylvania, Delaware, and Maryland Lower Atlantic: West Virginia, Virginia, North Carolina, South Carolina, Georgia, and Florida Midwest: North Dakota, South Dakota, Nebraska, Kansas, Oklahoma, Minnesota, Iowa, Missouri, Wisconsin, Illinois, Michigan, Indiana, Kentucky, Tennessee, and Ohio Gulf Coast: New Mexico, Texas, Louisiana, Arkansas, Mississippi, and Alabama Rocky Mountain: Idaho, Montana, Wyoming, Utah, and Colorado West Coast: Washington, Oregon, Nevada, California, and Arizona National Avg. Gasoline & Diesel Price Per Gallon Trend $5 GAS Editor and Associate Publisher Mike Antich (310) 533-2467 Managing Editor Lauren Fletcher (541) 213-2097 Associate Editor Chris Wolski (310) 533-2442 Assistant Editor Athena Mekis (310) 533-2414 Web Editor Greg Basich (310) 533-2572 Field Editor Al Cavalli Production Director Kelly Bracken Production Manager Brian Peach (310) 533-2548 DIESEL Art Director Armie Bautista $4.05 $3.92 $4 $3.85 $3.82 $3.85 $3.88 $3.56 $3.58 $3.58 $3.60 $3.57 APR. 2013 MAY 2013 $3.70 $3 MAR. 2013 Subscription Inquiries (888) 239-2455 bobitpubs@halldata.com National Sales Manager Sherb Brown (310) 533-2451 JUNE 2013 JULY 2013 AUG. 2013 District Advertising Managers Regional Sales Manager Eric Bearly (303) 681-2615 eric.bearly@bobit.com SOURCE: WEX INC., 97 DARLING AVE., SOUTH PORTLAND, ME 04106 WWW.WEXINC.COM, OR (800) 395-0812 CNG AND PROPANE AUTOGAS TRENDS Great Lakes Robert Brown Jr. 1000 W. University Dr., Ste. 209 Rochester, MI 48307 (248) 601-2005 Fax: (248) 601-2004 rbrown8799@aol.com ● National Avg. CNG Price Per GGE & Propane Autogas Price Per Gallon Trend Sales & Marketing Coordinator Tracey Tremblay (310) 533-2518 $3.0 $2.73 $2.68 $2.64 $2.73 CEO Ty F. Bobit $2.56 COO Cyndy Drummey $2.5 CNG $2.12 $2.05 $2.0 Chairman Edward J. Bobit JULY 2012 OCT. 2012 $2.10 JAN. 2013 CFO Richard E. Johnson PROPANE AUTOGAS $2.10 APRIL 2013 $2.14 JULY 2013 Bobit Business Media 3520 Challenger St., Torrance, CA 90503-1640 Fax: (310) 533-2503 Printed in U.S.A. SOURCE: ALTERNATIVE FUEL PRICE REPORT. ALTERNATIVE FUELS DATA CENTER. U.S. DEPARTMENT OF ENERGY CLEAN CITIES, JULY 2013. OCTOBER 2013 I AUTOMOTIVE FLEET 11