The 103rd State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.
🎙Today's topics include:
- Decline in U.S. of gasoline consumption in the second quarter of2022 compared to same time last year due to demand destruction following a 61% increase in fuel prices.
- Gasoline future market had a 9.7% decline on July 5, 2022, signaling the market believes that future gasoline prices will be lower than those today.
- The anticipation of a recession in 2023 is putting downward pressure on gasoline futures.
- Higher mpg by SUVs and full-size trucks makes keeps them desirable to consumers despite higher fuel prices.
No comments:
Post a Comment