Fleet Ops: Fuel Efficiency
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Oil prices reach high
NEW YORK -- Oil prices continued their record-breaking pace today, edging higher this morning from the $70 US per barrel closing on Monday. According to various media, oil prices hit a new high of $70.88 today amid growing geopolitical concerns over tensions between the West and Iran as well as supply disruptions in Nigeria. Unless there is a significant drop-off in demand, there doesn't seem to be any relief in sight, analysts predict. The price of gasoline could quickly reach $3-plus a gallon. In the Illinois and Minnesota areas diesel already hit $2.86 per gallon today. -- with files from Associated Press
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