While not nearly as unpredictable as this
time last year, oil prices are on the rise, which means fleet managers
will once again need to start watching the price at the pumps.
According to an article posted on MSNBC.com,
as of mid March 2009, crude oil has jumped in price to almost $50 a
barrel, partly due to traders knowing that summer driving season is
just months away.
But, the rise in crude prices could mean something more. After
trading as low as $33 a barrel in December 2008, some analysts say that
demand, or the lack of demand in the marketplace, may have hit bottom
and is now beginning to rebound, other say it simply couldn’t have
gotten any worse.
These days, the price of oil seems to be
affected by and connected to how the stock market is doing as well as
other economic indicators like the housing market and food prices.
Knowing this might give you the ability to
see a spike in gas prices coming before your supplier even does…and
nothing helps you run your fleet better than knowing what lies ahead.
Read the entire article here.