Diesel Prices Plateau While Oil Markets Evaluate Brexit

Diesel Prices Plateau While Oil Markets Evaluate Brexit

<img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-dieseljuly5-1.jpg" border="0" alt="

Source: EIA

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Source: EIA

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The price of diesel fuel remained relatively unchanged for the third straight week and the energy markets are still feeling the effects from the United Kingdom's vote to leave the European Union, according to the latest numbers from the Energy Department.

The average price of on-highway diesel fuel dropped by 0.3 cents last week, settling at $2.423 per gallon. The price is 40.9 cents than it was in the same week a year ago.

There are usually significant differences in fuel price fluctuations region to region but prices were slightly down in nearly all areas. The largest decrease in prices was in the New England region at 0.9 cents per gallon while the largest increase in prices was 0.7 cents in the Rocky Mountain region.

The average national price of regular gasoline was down last week by 3.8 cents, hitting $2.291 per gallon. The current average price is 50.2 cents cheaper than it was in the same a week in 2015.

When separated by region, the largest decrease in prices was in the Midwest with an 8.3-cent drop for the week. The smallest change in prices were on the West Coast where prices fell 0.5 cents.

The price of crude oil was down on July 5 as energy prices have felt the effects of the UK's vote to leave the EU, according to a CNBC report. The worry is that the, economic downturn in the UK would slow the global economy, reducing demand for oil.

While oil prices had been steadily rising for the past few months on news that oil producers would be reducing the supply of oil, a slower economy could prevent the prices from continuing to increase.

Related: Business Investment Sinks as Durable Orders Decline

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Omnitracs Adds Trailer & Cargo Tracking Solution

Omnitracs has announced a new solution that allows fleet managers to track trailers and cargo called Omnitracs Trailer Tracks 150.

The company said that Trailer Tracks 150 gives fleets the ability to manage trailer inventory, keep cargo safe and track drivers on the road. It helps keep track of trailers stored in set locations and allows for customizable alerts to signal if a trailer has been dropped off at an unauthorized site.

The new solution integrates into existing dispatch software and Omnitracs' other fleet management applications.

Omnitracs TT150 provides fleets with some key features and benefits:

  • Increased driver and tractor productivity and security with real-time monitoring of status and location of trailers and containers
  • Reduction of fuel, as fleet managers do not need to search for trailers
  • Better operations/planning and enhanced customer service through automated and customized reports
  • Increase asset usage, trailer pool inventory, as well as address unauthorized use of trailers for storage purposes through access to real-time data
  • Simplified installation process through mobile-friendly, peel-and-stick installation

“Fleet owners continue to struggle with a lack of real-time data related to their fleet, which results in the need to search for trailers, increasing their costs associated with driver time and fuel, as well as leaving them vulnerable to theft and misuse of trailers,” said Jeff Champa, Omnitracs vice president of product management.

“The new TT150 improves visibility into both trailer location and status, eliminates the loss of trailers and cargo, increases utilization, and puts an end to wasted driver time and fuel searching for empty, usable trailers— all for a low price," he added.

Related: Omnitracs for Volvo Trucks Adds Productivity and Safety Features

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Oil Eater Offers Full Spill Kit

Oil Eater's professional grade emergency spill kit provides all-in-one solutions for containment and clean up of hazardous spills in vehicle servicing facilities and other areas.

Each kit includes a supply of absorbent pads, pillows, universal snakes, booms, protective gloves, oil-resistant, high-temperature disposal bags and an emergency response instruction guide.

A 5-gallon bucket of Oil Eater Original cleaner is included in each kit to clean surfaces after the spill has been absorbed. Oil Eater cleaner-degreaser is water-based, non-toxic, non-corrosive, non-flammable and biodegradable.

Kits are available in 65-gallon and 95-gallon overpacks which can handle the corresponding volume of liquid.

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