Fuel Price Records Shattered in March, According to New OPIS TFI Report
WALL, N.J.--(BUSINESS WIRE)--Retail and wholesale fuel prices shattered all previous records last month, and products used in the transportation sector began April with numbers up as much as 238% from five years ago. The wholesale and retail fuel price comparisons are included in the detailed OPIS Transportation Fuel Index (TFI) released this morning: http://www.opisnet.com/tfi.asp.
OPIS TFI Highlights:
The OPIS TFI compares fuel prices with the previous month, as well as year-ago and 2003 numbers for a five year perspective. The longer term view produces some eye-opening comparisons: wholesale gasoline prices are up $1.691 gal from March 2003; and wholesale diesel prices have advanced by well over $2.00 gal in every region in the country.
The OPIS TFI numbers point to some considerable fuel inflation components when government Producer Price Index (PPI) and Consumer Price Index (CPI) are released much later this month.
For more information on the OPIS TFI or real-time fuel prices contact Fred Rozell, 732-730-2568.
OPIS (http://www.opisnet.com), a UCG company based in Gaithersburg, MD., is the most widely accepted U.S. fuel price benchmark for supply contracts and competitive positioning. OPIS covers pricing, analysis and news for gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, propane, feedstocks, resid, and kerosene. OPIS receives retail fuel prices at more than 100,000 stations in the country and is relied on by the leading consumer and navigation device companies in the country.