When summer comes, small business owners can keep the price of gas, sigh of slogan, increase demand and provide important rest. According to the latest report on the AAA gas price, the national average of the general gasoline gallon was the same price padding recorded in July 2021, which was less economic pressure.
The driver who benefits from this price stability is not just a consumer. Small business owners can get from these trends. Lower fuel costs can reduce operating costs. As demand fluctuates, it is essential for strengthening the budget.
The national average in July was settled at $ 3.15, matching last year’s price, but crude oil prices rose due to an increase in demand. The latest figures of the ENERGY INFORMATION Administration emphasize the remarkable rise in the demand for gasoline from 896 million barrels to 9.15 last week. This increase
For small companies, it is important to maintain low fuel costs for logistics or sales volume, especially for logistics or vehicle travel. AAA’s representative said, “Small companies are often struggling due to rising operating costs, so stable fuel prices can provide the necessary cushions. Through this prediction, the owner can plan the budget more effectively while maintaining the price competitiveness of the customer.
The US crude oil inventory reached 460 million barrels with a slow increase of 7.7 million barrels. Such epidemiology represents a potentially stable market that moves to the end of the summer driving season. This is often busy for many small businesses that depend on vehicles.
But the task of changing energy causes cannot be overlooked. Small business owners should also keep in mind the same variable, such as the rise in popularity of electric vehicles (EV), which affects gas demand. The national average per kilowatt hours for EV charging is 36 cents, but the fare is very different. For example, compared to 52 cents in West Virginia, the electricity charging cost is considerably lower to 25 cents per kWh.
Understanding these regional differences can affect the decision that considers small business owners, especially in the long term to reduce operating costs.
The difference in local fuel prices can also affect the market strategy. For example, California leads the gas price to $ 4.48 per gallon, and Mississippi enjoys the lowest score at $ 2.71. Small business owners who operate the main line may have to think strategically about the supply chain and shipping path considering the fuel prices and travel streets.
Summer Peak Travel allows small businesses to explore existing gas prices and EV charging options using resources such as AAA Triptik Travel Planner. Companies can use these planning tools to optimize logistics and reduce costs. This is the most important for maintaining competitiveness in the market.
For those who are watching sustainable practices, steady EV charging speeds provide opportunities to integrate green technology into operation. The cost of the EV may be higher, but the overhead can be greatly reduced due to the long -term savings of fuel and maintenance. In particular, it is a factor that appeals to small businesses that want to innovate while effectively managing costs.
As we head to August, business owners must carefully watch the price trend and inventory fluctuations. Although there is an optimism that maintains profitability at a stable fuel price, it will be a pivotal to leading future success to adapt in the rapidly changing market.
For more information on the current gas and electric charging prices that can affect your business, visit the original AAA report. here.
Image through AAA
