The Official Blog of Penske Transportation Solutions

fuel

The recent run-up in fuel prices for gasoline and diesel has commercial truck fleet managers and operators once again re-evaluating their fuel strategies and options. Last week, the Department of Energy reported diesel rose 5.3 cents to $4.157 a gallon -- its fifth straight increase. This is highest price for diesel in about four-and-a-half years. Gasoline also rose significantly with nine consecutive increases and it has reached a high unseen since last October at $3.747. In periods like this it’s a good idea to focus on fundamentals when you are operating a fleet of trucks or even just one truck.

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Last January, “Move Ahead” posted a piece titledAs Diesel Prices Rise Truck Fleets Seek Solutions. At that time we speculated a diesel price déjà vu scenario may be developing. Since our original post prices for on-highway diesel fuel and gasoline have continued to rise.

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