Automotive Fleet, July 2017

AUTOMOTIVE FLEET I JULY 2017 12 INDUSTRY news Gas Demand Rises But Prices Hold Demand for gasoline has increased according to recent government demand reports This increased demand according to WEX Inc has given the market some hope that summer demand this year will come close to the record levels of 2016 Along with strong gasoline demand there has also been strong gasoline output from refiners in the U S For several weeks total output has topped 10 million barrels per day and as a result gasoline inventories have not been declining with any significance according to WEX Overall gasoline inventories are below the levels seen a year ago One area of significance in the U S this year is the West Coast Recent government data shows inventories at the lowest levels of the year approximately 1 million barrels behind the same time last year As of June 1 gasoline prices are essentially on par with the levels seen in 2016 within 6 cents per gallon Certain states like California however are seeing gasoline prices nearly 30 cents over what drivers were paying last year OPEC recently agreed to extend production cuts for an additional nine months As was predicted this announcement had little effect on the markets Mike Antich Calendar 1 2 3 8 7 6 5 4 9 10 11 12 13 18 17 16 15 14 Calendar 1 2 3 8 7 6 5 4 9 10 11 12 13 18 17 16 15 14 1 2 3 8 7 6 5 4 9 10 11 12 13 18 17 16 15 14 FUEL REPORT PRICE PER GALLON CNG PROPANE AUTOGAS JULY 2016 OCT 2016 JAN 2017 JAN 2016 APR 2016 15 2 25 3 285 209 277 202 276 205 268 206 280 211 PRICE PER GALLON DEC 2016 JAN 2017 FEB 2017 MAR 2017 APR 2017 MAY 2017 GASOLINE DIESEL 15 2 25 3 225 240 260 273 229 252 230 252 241 254 237 252 PRICE PER GALLON CNG PROPANE AUTOGAS JULY 2016 OCT 2016 JAN 2017 JAN 2016 APR 2016 15 2 25 3 285 209 277 202 276 205 268 206 280 211 PRICE PER GALLON DEC 2016 JAN 2017 FEB 2017 MAR 2017 APR 2017 MAY 2017 GASOLINE DIESEL 15 2 25 3 225 240 260 273 229 252 230 252 241 254 237 252 Retail Fuel Prices as of May 2017 Retail Alt Fuel Prices as of Jan 2017 SOURCE WEX INC 97 DARLING AVE SOUTH PORTLAND ME 04106 WWW WEXINC COM OR 800 395 0812 New England Maine New Hampshire Vermont Massachusetts Rhode Island and Connecticut Central Atlantic New York New Jersey Pennsylvania Delaware and Maryland Lower Atlantic West Virginia Virginia North Carolina South Carolina Georgia and Florida Midwest North Dakota South Dakota Nebraska Kansas Oklahoma Minnesota Iowa Missouri Wisconsin Illinois Michigan Indiana Kentucky Tennessee and Ohio Gulf Coast New Mexico Texas Louisiana Arkansas Mississippi and Alabama Rocky Mountain Idaho Montana Wyoming Utah and Colorado West Coast Washington Oregon Nevada California and Arizona CITY GASOLINE DIESEL Atlanta GA 223 274 Boston MA 240 261 Chicago IL 250 244 Dallas TX 218 230 Denver CO 230 243 Detroit MI 243 259 Houston TX 219 233 Los Angeles CA 310 297 Memphis TN 215 236 Miami FL 240 252 Minneapolis MN 229 248 New Orleans LA 213 233 New York NY 278 327 Philadelphia PA 257 293 Phoenix AZ 227 249 Portland OR 278 270 San Francisco CA 324 305 Seattle WA 300 293 St Louis MO 219 228 Washington D C 254 269 National Avg Gasoline Diesel Price Per Gallon Trend National Avg CNG Price Per GGE Propane Autogas Price Per Gallon Trend HISTORICAL GASOLINE DIESEL TRENDS HISTORICAL CNG PROPANE AUTOGAS TRENDS CNG measured by price per gas gallon equivalent GGE Propane autogas measured by price per gallon REGION CNG PROPANE AUTOGAS New England 242 284 Central Atlantic 209 264 Lower Atlantic 203 289 Midwest 198 275 Gulf Coast 202 252 Rocky Mountain 190 291 West Coast 245 299 SOURCE ALTERNATIVE FUEL PRICE REPORT ALTERNATIVE FUELS DATA CENTER U S DEPARTMENT OF ENERGY CLEAN CITIES JANUARY 2017 www automotivefleet com Vice President Group Publisher FleetGroup Sherb Brown 310 533 2451 Editor and Associate Publisher Mike Antich 310 533 2467 Assistant Editors Andy Lundin 310 533 2564 Eric Gandarilla 310 533 2588 Field Editors Al Cavalli Bob Cavalli Senior Web Editor Paul Clinton 310 533 2565 Production Director Kelly Bracken Production Manager Brian Peach 310 533 2548 Production Coordinator Tanya Carranzaw 310 533 2496 Senior Art Director Armie Bautista Graphic Artist Jeff Polman Subscription Inquiries 888 239 2455 bobitpubs@ halldata com National Sales Manager Sherb Brown 310 533 2451 Fax 310 533 2503 sherb brown@ bobit com East Coast Sales Manager Eric Bearly 303 681 2615 Fax 310 533 2503 eric bearly@ bobit com West Coast Sales Manager Za Farley 310 855 2768 Fax 310 533 2503 za farley@ bobit com Great Lakes Sales Manager Robert Brown Jr 1000 W University Dr Ste 209 Rochester MI 48307 248 601 2005 Fax 248 601 2004 rbrown8799@ aol com Sales Marketing Coordinator Amy Hangartner 310 533 2518 Chairman 1961 2014 Edward J Bobit CEO Ty F Bobit COO Cyndy Drummey CFO Armand Del Duca Bobit Business Media 3520 Challenger St Torrance CA 90503 1640 Fax 310 533 2503 Printed in U S A