Gas prices are welcomed this summer and have won potential victory for many small business owners who rely on transportation and logistics. The national average of regular gasoline gallons fell to $ 3.16, one cent away from the previous week. The level of match in the summer of 2021 occurs at an important time as a small company crawls for summer trips and busy school season.
In the case of small business owners, especially those in retail, shipping, and services that depend on vehicle vehicles, lowering gas prices can cause remarkable cost savings. The average price was quite high at $ 3.51 per gallon a year ago, which means that the current rate may have a positive impact on the operating budget. One representative of the American Automobile Association (AAA) said, “Gas prices with low gas prices are helpful to operate business owners, especially shipping services, or more effectively manage the cost of mobile personnel.
When analyzing data from the ENERGY Information Administration (EIA), the demand for gasoline was a noticeable income from 9.5 million barrels to 84.8 million barrels last week. At the same time, the supply increased, increasing from 295 million barrels to 229 million. The production of gasoline has decreased to 9.1 million barrels a day, but if the supply is improved compared to demand, it can help lower prices in the short term.
But petroleum market epidemiology can lead to potential risks. The West Texas mid -level (WTI) crude oil decreased by 14 cents and settled for $ 66.38 per barrel, while inventory fell to 3.9 million barrels from last week. The current level is less than 8% of the five -year average during this period, and signal volatility that can affect gas prices in the next week. Therefore, business owners should look at market trends and explore price fluctuations effectively.
In addition, small companies that explore the integration of electric vehicles (EV) can also find interesting development. The national average cost in the public EV station was stable at 36 cents per kilowatt. In the case of small businesses, investments in EV can lower fuel spending and appeal to eco -friendly customers. However, the infrastructure for supporting EV charging is not uniformly spread throughout the country, which can complicate the transition of business in which the charging options are limited.
In fact, geographical differences in fuel prices can affect small companies. For example, in states such as California and Hawaii, there are the highest gas prices in the country and average $ 4.50 and $ 4.48, respectively. In contrast, states like Mississippi and Oklahoma enjoy some of the lowest prices of $ 2.72 and $ 2.77. Small business owners should evaluate how local gas prices can affect the operating costs of those with multi -state operations.
In addition to the immediate financial impact, the current landscaping raises questions about the long -term sustainability of various fuel. By observing the fuel consumption trend, small companies can consider alternative transportation methods or reconsider logistics to alleviate future costs.
Moreover, the threat of tropical storms this season can also affect gas prices. Low pressure systems on the Gulf coast have more development. Small business owners can lead to price hikes due to refiners or gasoline distribution problems.
Leaning against tools such as AAA Triptik Travel Planner, business owners trace real -time gas and electric charging prices along the path to help you reduce wise decisions and potentially more costly.
Small business owners are at an important point of time, strategizing for the future efficiency of logistics and supply chain management. It can help you make a decision based on information about the fuel options, relieve costs, reduce costs, and constantly evolve in a market environment.
For more information about the current gas price, see the original AAA press release. AAA gas price.
Image through AAA
