Fuel Flash - August 2017

August 02, 2017 Sokolis Group

July’s oil prices closed the month at just over $50/barrel which was almost 10% higher than where they started the month.  Prices sagged during the first week of July but turned upward by the second week and continued climbing for the remainder of the month.  The following graph shows the daily price movements over the past three months:

1707FF01.jpg

fuel, fuel prices, analysis, diesel fuel prices, fuel cost, fuel pricing, diesel prices

Fuel Flash - July 2017

July 06, 2017 Sokolis Group

Oil prices fell approximately 10% during June as the decline that began toward the end of May continued throughout the month.  Prices at the beginning of June were just over $48/barrel and decreased to $43 near the end of the month.  During the last few days of the month, prices managed to stage a comeback and ended the month at $46.  The following graph shows the daily price movements over the past three months:

fuel, fuel prices, analysis, diesel fuel prices, fuel cost, fuel pricing, diesel prices

Fuel Flash - June 2017

June 07, 2017 Sokolis Group

May was a choppy month for oil prices which started just below $50/barrel and wound up almost in the same place by the end of the month.  The following graph shows the daily price movements over the past three months:

 170501FF.jpg 

fuel, fuel prices, analysis, diesel fuel prices, fuel cost, fuel pricing, diesel prices

Is Now a Good Time to Outsource Your Fuel Program?

May 17, 2017 Sokolis Group

iStock_000014466508_Small.jpgFuel prices have been relatively stable over the last several months as supply isn't diminishing enough and demand isn't exactly booming either. However, as time has shown, fuel prices are extremely unpredictable. It just takes one event or change, and prices can spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet's fuel program up at night.

Fuel Management, fuel prices, diesel fuel prices, Fleet Management, Fuel Audit, fuel cards

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