Fuel has always been one of the most variable and impactful costs for fleet operators. While advancements in vehicle technology continue to improve fuel efficiency, prices at the pump remain largely influenced by external factors — many of which are beyond any fleet’s control.
In 2024, fleets saw a modest reprieve. According to the U.S. Energy Information Administration, average retail gasoline prices declined by approximately 10% compared to 2023, thanks to lower crude oil prices and softened demand. While this drop brought short-term relief, history reminds us that fuel prices can shift rapidly.Seasonality and global market conditions also heavily influence
