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April 21, 2008

Retail Gas Averages $3.50 Monday

NEW YORK --- Retail gas prices reached another new milestone Monday, April 21, averaging $3.50 a gallon, according to AAA and the Oil Price Information Service.

Tags: gasoline prices, oil prices, OPEC

April 14, 2008

Crude Oil Price at $111 a Barrel

SAN FRANCISCO --- Crude-oil futures climbed more than $1 to close above $111 a barrel on Monday, MarketWatch reported.

Tags: oil prices

April 7, 2008

Crude Oil Passes $107 in Today's Trading

NEW YORK --- Crude oil prices climbed on the New York Mercantile Exchange today, despite signs that the dollar is gaining strength, United Press International reported.

Tags: gasoline prices, oil prices

April 1, 2008

Crude Oil Falls Below $100

HOUSTON --- For the first time in a week, crude oil futures traded below $100 a barrel Tuesday, as the dollar gained strength against the euro, the Wall Street Journal reported.

Tags: oil prices

March 31, 2008

Oil Price at $105.90 in Today's Trading

NEW YORK --- Oil prices climbed higher today as weakness in the U.S. dollar offset the news that an oil pipeline in Iraq had been repaired, the Associated Press reported.

Tags: oil prices

March 17, 2008

Oil Price Drops Amid Economic Concerns

NEW YORK --- Amid new economic concerns stirred by the forced sale of Bear Stearns Cos., oil prices fell sharply today.

Tags: oil prices

March 12, 2008

Crude Oil Price Passes $110 Mark

NEW YORK --- Gasoline and oil prices continued their record-setting pace today, with the national average price of regular gasoline at nearly $3.25 a gallon and the price of oil on the futures market surpassing the $110-a-barrel mark.

Tags: gasoline prices, oil prices

March 10, 2008

Crude Oil Price Rises Above $108 a Barrel

NEW YORK --- Crude oil rose above $108 a barrel in New York to a record high, spurred by investors seeking an alternative to slumping financial markets, Bloomberg reported. Oil in New York surged 80 percent over the past year as the S&P 500 and Dow averages dropped.

Tags: oil prices

March 3, 2008

Oil Price Approaches $104 Mark on Monday

NEW YORK — While the dollar weakened to another low against the euro today, oil prices rose to a record high.

Tags: oil prices

February 25, 2008

Oil Price Inches Up to Nearly $100 Again

NEW YORK --- Oil prices once again drifted up near $100 a barrel today, spurred by supply concerns associated with Turkish military actions in northern Iraq as well as increased tensions between Iran and the West over Iran's nuclear program.

Tags: oil prices

February 11, 2008

Chavez Threat Prompts Jump in Oil Prices

NEW YORK --- Oil futures rose for the third straight day today amid concerns about possible supply disruptions.

Tags: oil prices

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More Factors Point to an Impending Used-Vehicle Shortage

By Mike Antich
The past two weeks have produced a dizzying string of announcements ranging from Chrysler Financial stopping lease financing, Chase Auto Finance no longer providing lease financing for Chrysler brands, Wells Fargo ending lease financing, all major OEMs decreasing truck production volumes, and HSBC Financial Corp.’s decision to stop funding auto loans. All of which may be good news for fleets remarketing vehicles two to three years from now.

How to Develop a Corporate Culture of Fleet Policy Compliance

By Mike Antich
The best time to control cost is before it occurs and the way to do this is by establishing policies and procedures that inhibit unnecessary spending and protect corporate assets. Adherence to fleet policy is crucial and it should be part of each company’s overall business strategy. The best managed fleets tend to be those whose drivers adhere to a written fleet policy. Does your corporate culture encourage compliance with fleet policy?

Will You Need Fewer Fleet Vehicles in an Era of Hyperconnectivity?

By Mike Antich

Is the U.S. Destined to Follow the U.K. Fleet Model?

By Mike Antich

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Fleet Financials - January/February 2008

In This Issue:
Otis Elevator Reduces Operational Costs through Quality Initiative, Proven Strategies to Reduce Fleet Costs, Executive Vehicles vs. Driver Reimbursement and much more…