October WEX Fuel Index

fuel prices chart

Retail gasoline prices are still in a downward trend after rallying on the back of refinery shutdowns following Hurricane Harvey. Gasoline futures markets have dropped back to where they were before the hurricane hit the Texas coast, as the return of refineries from downtime and the seasonality of gasoline play a large role in the… Read more »

Fuel Prices Major Concern for Fleet Managers After Harvey

Storm Harvey and an oil refinery

As the waters from Harvey recede, managers of fleets of all sizes have begun assessing the impact on their operations. Among chief concerns: replacing damaged vehicles, loss of capacity, and unknown damage to transportation infrastructure. The most immediate impact: dealing with retail fuel price shocks. Nationally, gas prices spiked 7 cents overnight Thursday and are… Read more »

October WEX Fuel Index

fuel prices chart

Retail gasoline prices are still in a downward trend after rallying on the back of refinery shutdowns following Hurricane Harvey. Gasoline futures markets have dropped back to where they were before the hurricane hit the Texas coast, as the return of refineries from downtime and the seasonality of gasoline play a large role in the… Read more »

June WEX Fuel Index

WEX Fuel Index - Gasoline prices chart

Gasoline demand looks like it is getting back on track based on the past couple of government demand reports. The recent demand readings has given the market some hope for the summer that demand will come close to the record levels of 2016. Most analysts anticipate that the summer driving season of 2017 will be… Read more »

May WEX Fuel Index

Fuel index chart

The summer driving season hasn’t even begun and there are many that believe the gasoline markets may have already peaked. Gasoline supplies entering May are on firm footing and are not far off of where they were at this time last year when inventories were considered bloated then too. One of the major differences so… Read more »

April WEX Fuel Index

National average price per gallon

The gasoline market rally may be starting in earnest with several tailwinds beginning to push the market toward higher ground. Shifting gasoline specifications in the wholesale markets are starting to have an influence on prices, but in addition to this annual spring rite of passage, gasoline markets have found some supportive data in recent weeks…. Read more »

March WEX Fuel Index

Fuel index chart for March

Probably the best word to describe most of the 1st quarter of 2017 is flat. Price movements along the supply chain have been very light through the first two months keeping retail gasoline in a relatively tight range so far this year. The remarkably flat price structure through the first two months of the year… Read more »

Pros and Cons of On-Site Fueling

Gas Nozzle

Written by Lauren Fletcher for Work Truck Online It’s a given, truck fleets require fuel to operate, whether it’s gasoline, diesel, or one of the many alternative-fuel options. To acquire the fuel they need, fleets have three main routes: They can choose to utilize gas stations, install an on-site fueling station, or use a combination… Read more »

February WEX Fuel Index

national average ppg

Oil markets have been stuck in a range for much of the past month and that has left retail fuel prices flat to a bit lower to start February. However, prices are running significantly higher than they were in early February 2016. Crude oil prices averaged anywhere from just under $51 per barrel to $53.99… Read more »