Low Demand Flattens Fuel Prices in 2020

“Demand was driven down by stay-at-home orders rolling out across the nation in February-March, especially concerning was fleets typically roll into peak season of demand around April. Fleets have benefited from the lower at-the-pump costs in 2020, but with lower utilization, profit loss within fleets have no doubt had a larger impact where fleets were not able to operate at full or anticipated capacity,” said Emily Candib, director – fleet products for Merchants Fleet.

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About the Author

Eric Goldfisher

Eric Goldfisher is a Content Manager at Merchants Fleet. He works closely with Merchants' subject matter experts to produce engaging and informative content for Merchants Fleet clients.