Fuel Prices Surge to New Records: Forecast is for Further Price Increases

The 99th 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:

• Gasoline and diesel prices hit record highs.
• Higher fuel costs to create demand destruction.
• Oil refinery constraints limited output of refined fuel.
• 2023 models mostly ordered via controlled allocation system.
• Impact of late tax refunds on the used vehicle market.

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⌚ Timestamps ⌚

0:00 Intro
0:29 Gasoline and Diesel Record Highs
2:20 Higher Fuel Costs Create Demand Destruction
3:12 Oil Refinery Constraints Limited Output
5:35 2023 Models Via Controlled Allocation System
7:07 Impact of Late Tax Refunds on Used Market

Originally posted on Automotive Fleet