Motus Predicts National Fuel Prices to Be 35% Lower This Summer
Oversupplied Crude Oil Market and COVID-19 Pandemic Travel Restrictions Lead to Sharp Decline in Cost of Fuel
Motus today released its 2020 Summer Fuel Outlook Report. This report highlights key data related to fuel price fluctuations with a look towards how these changes will impact the summer driving season.
The report reveals an oversupplied crude oil market, coupled with the COVID-19 pandemic, has led to an expected 6.5% decrease in global oil consumption in 2020. As a result, Motus anticipates national fuel prices to decrease by 35% on average compared to the past four years.
“The price of fuel this summer will be very different from what we’ve seen in recent years due to decreases in both oil prices and travel activity. While fuel consumption and demand will increase as the country reopens and people resume travel, it’s unlikely we’ll see the same mileage levels as past summers,” said Ken Robinson, market research analyst for Motus.
Mentor by eDriving Wins GOLD Stevie® Award in 2020 American Business Awards®
Cape May, New Jersey – [May 19, 2020] – eDrivingSM has been named the winner of a Gold Stevie® Award in the Governance, Risk & Compliance Solution category in The 18th Annual American Business Awards®.
The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.
More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. eDriving was nominated in the Governance, Risk & Compliance Solution category for its comprehensive driver risk management program, Mentor by eDrivingSM.
What Will Become of Shared Mobility? Handling COVID-19: Looking Back and A Way Forward
By Augustin Friedel, Volkswagen Intermodeal Strategy and Sandra Phillips, Founder and CEO, movmi
“It’s not about what it is, it’s about what it can become” Dr. Seuss
During the past couple of months, people were encouraged or forced to shelter at home and other lockdown restrictions were put in place. This resulted in a steep decline in demand for all available mobility and transportation options across the globe. The total vehicle miles traveled for business or private reasons with personal cars, public transit or shared mobility plunged.
Stakeholders of the mobility ecosystem are facing a situation never experienced before: According to data published by Apple or Transit, public transit has seen the biggest drop, with ridership declines between 70% to 90% in many markets across the globe. Micro mobility services suspended operations, e.g. players like Lime paused the service in up to 90% of all markets.The demand for carsharing, ride hailing and pooling also plunged, pooling was suspended on many platforms. On the bright side, there was a steep uptake on active mobility like walking and biking.
Read the article at movmi.net
Uber Riders and Drivers Will Have to Wear Face Masks During Trips
In order to make sure drivers are taking precautions and ensuring their cars are clean, Uber is spending $50 million to procure masks, hand sanitizer, disinfectant sprays, gloves, among other things, to send to their drivers.
Beginning next Monday, May 18, both riders and drivers will have to wear masks or face coverings for the duration of Uber trips.
Uber CEO Dara Khosrowshahi said in a blog post that an online checklist will ask whether drivers and riders have taken certain safety measures before using the service. A selfie taken by the driver and then processed by a new technology will verify that a driver is wearing a face mask; a driver not wearing a mask won’t be able to get online. Riders will have to sit in the back seat and agree to windows being open for increased ventilation.
Read the article at Car and Driver.
Goodbye, Mr. Elliott!
We are going to miss Bill Elliott! He is leaving his post at AFLA to become president and CEO of the Wisconsin Hotel & Lodging Association. He has expertly guided AFLA over the past eight years and as his many friends will attest, he has been a delight to work with. At the same time, we are excited to post the news that Elizabeth Schlicht, CAE, who has adroitly served as associate executive director at AFLA, is now stepping in as executive director. We could not be more excited for Elizabeth and for AFLA!
Does B2B car sharing have a future? FMW interviewed Alex Thibault, vice president at Vulog, the leading maker of car sharing platform technology, and posed that very question. Thibault says, “The movement towards sharing in the corporate world will continue occurring organically under the radar, especially after the COVID shock, as a way for companies to rationalize costs and reduce risk that fleets will stay idle for long periods.”
Continuous driver monitoring is the theme of Trent Dressen’s latest article for SuperVision. Risky drivers can leave a fleet open to enormous liability but, offering a solution, Dressen says, “There’s an app for that.”
Stay safe! Keep well!
Janice Sutton
Editor in Chief
