Small fleets may not always see telematics as a priority. With smaller margins the cost of the service may seem prohibitive, but even smaller fleets can yield strong results. A fleet operations manager with a fleet comprised of nearly 50 vehicles realized higher average fuel mileage and lower cost per mile by implementing telematics into his fleet.

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The national average gasoline price has fallen to a six-month low at $2.76 for a gallon of unleaded fuel on the same day the U.S. reimposed sanctions on Iran, which haven’t driven prices high as the oil market has remained steady. The U.S. has granted China a waiver so that country can continue to purchase Iranian oil with the sanctions in place.

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Wholesale sedan values in 2018 have seen a reversal from years of decline. Retention rates for smaller sedans have held strong, and at certain points of the year, held stronger than their historically strong truck counterparts.

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At $2.89, the national gas price average is two-cents cheaper than it was a week ago amid consumer gasoline demand declining for a third week. Today’s gas price average is four-cents more than a month ago and 42-cents more expensive than a year ago.

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AAA forecasts that the national gas price average will drop to $2.70 this fall and has the potential to drop even more. That is 14-cents less a gallon compared to today’s price and more than a quarter cheaper than this year’s recorded high of $2.97 set in May.

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