The stability of fuel prices over the past 30 months has been the No. 1 factor contributing to keeping fleet operating costs flat. Since fuel costs make up the largest portion of fleet operating spend, flat fuel prices have resulted in stable fleet operating expense.
“Gasoline and diesel prices continued to be low throughout 2017,” said Emily Candib, Assistant Director, Product Management for Merchants Fleet. “Increase and decrease in spend is not significant enough and cost still remains relatively flat across both operating areas.”