Automotive Fleet

NOV 2013

Magazine for the car and truck fleet and leasing industry

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INDUSTRY NEWS FUEL REPORT www.automotivefeet.com Editor and Publisher Ed Bobit Vice President Group Publisher, FleetGroup Gasoline Prices 40 Cents Per Gallon Lower Than 2012 Sherb Brown (310) 533-2451 The national average dropped more than 20 cents per gallon to $3.37 — its lowest level since late January of 2013. Compared to 2012, prices are down by more than 40 cents per gallon, with analysts predicting further declines that could hover near $3 per gallon before the year ends. Currently, 2.3 percent of all stations in the country are priced below $3 per gallon while only 1.1 percent are above $4. Last year, nearly 17 percent were above $4, while in some states, bargain hunters could fnd stations priced near $2.80. With the exception of Alaska and Hawaii, California tops the current list with an average of $3.90 per gallon. But, even in California, one can fnd stations with prices below the $3.50 mark. Analysts are not surprised by the dropping prices, which is typical after summer ends. Although a severe winter could still disrupt prices, most experts believe the remainder of the year should continue to see prices decline. Meantime, diesel prices are hovering at $3.90 per gallon. Most market-watchers anticipate a slow, but steady increase in diesel prices. Retail Fuel Prices as of September 2013 CITY GASOLINE 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 DIESEL $3.44 $3.66 $3.72 $3.27 $3.50 $3.59 $3.29 $4.02 $3.33 $3.57 $3.47 $3.32 $3.58 $3.36 $3.72 $4.05 $3.80 $3.28 $3.70 $3.91 $4.01 $4.00 $3.82 $3.86 $4.07 $3.77 $4.25 $3.82 $3.98 $3.93 $3.80 $4.02 $3.86 $3.93 $4.40 $4.14 $3.75 $4.00 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 12 HISTORICAL GASOLINE & DIESEL TRENDS AUTOMOTIVE FLEET I NOVEMBER 2013 National Avg. Gasoline & Diesel Price Per Gallon Trend $5 GAS Managing Editor Lauren Fletcher (541) 213-2097 Senior Editor Stephane Babcock (310) 533-2414 Associate Editor Chris Wolski (310) 533-2442 Field Editor Al Cavalli Production Director Kelly Bracken Production Manager Brian Peach (310) 533-2548 Art Director Armie Bautista DIESEL $3.93 Subscription Inquiries (888) 239-2455 bobitpubs@halldata.com $3.51 National Sales Manager Sherb Brown (310) 533-2451 $4.05 $3.92 $4 Editor and Associate Publisher Mike Antich (310) 533-2467 $3.85 $3.82 $3.85 $3.58 $3.60 $3.70 $3.58 $3.56 District Advertising Managers $3 MAR. 2013 APR. 2013 MAY 2013 JUNE 2013 JULY 2013 AUG 2013 SOURCE: WEX INC., 97 DARLING AVE., SOUTH PORTLAND, ME 04106 WWW.WEXINC.COM, OR (800) 395-0812 HISTORICAL CNG & PROPANE AUTOGAS TRENDS National Avg. CNG Price Per GGE & Propane Autogas Price Per Gallon Trend Great Lakes Robert Brown Jr. 1000 W. University Dr., Ste. 209 Rochester, MI 48307 (248) 601-2005 Fax: (248) 601-2004 rbrown8799@aol.com ● Sales & Marketing Coordinator Tracey Tremblay (310) 533-2518 Chairman Edward J. Bobit $3.0 $2.73 $2.68 $2.64 $2.73 $2.5 CNG $2.12 $2.05 JULY 2012 OCT. 2012 CEO Ty F. Bobit COO Cyndy Drummey $2.56 $2.0 Regional Sales Manager Eric Bearly (303) 681-2615 eric.bearly@bobit.com $2.10 JAN. 2013 CFO Richard E. Johnson PROPANE AUTOGAS $2.10 APRIL 2013 $2.14 JULY 2013 SOURCE: ALTERNATIVE FUEL PRICE REPORT. ALTERNATIVE FUELS DATA CENTER. U.S. DEPARTMENT OF ENERGY CLEAN CITIES, JULY 2013. Bobit Business Media 3520 Challenger St., Torrance, CA 90503-1640 Fax: (310) 533-2503 Printed in U.S.A.

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