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11/29/2024

Motus Monthly Fuel and Mileage Trends: September 2024

Source: Fleet Management Weekly

Seasonal Shifts: Winter fuel blends are starting to arrive around the U.S., adding downward pressure to fuel prices. Many professionals extended their Labor Day holiday, leading to a decrease in business mileage across most regions before the push to close 2024 begins.


Data from Motus shows that national fuel prices slightly decreased to $3.38 in September, compared to $3.44 in August, and prices stayed lower than 2023, with September 2023 pricing at $3.66.

Key data points: 

  • Fuel trends
    • September 2024 national fuel price: $3.38
    • August 2024 national fuel price: $3.44
    • July 2024 national fuel price: $3.43
    • September 2023 price: $3.66
    • 2023 average fuel price: $3.55

Looking regionally, fuel prices in September were highest in the Western US at $4.02 and lowest in the Southern US at $2.93.

 


Looking at September business mileage trends by region in the US, business mileage was down across the country with the West 17.39% lower than August, the South 17% lower, Northeast 14.67% lower, and the Midwest 5.85% lower.

  • September Business Mileage trends
    • South -17%
    • Midwest -5.85%
    • West -17.39%
    • Northeast -14.67%

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