Crude Oil Continues Around $100

The price of crude oil has a direct correlation to diesel fuel prices. Over the past few months, crude oil has drifted above and below $100 given positive or negative information. Last week’s jobs report came out and showed strong job growth in the United States. While this is good news that more people are employed, it’s bad news for

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Do Rising Fuel Prices Make Your Fuel Supplier Smile?

Diesel fuel prices have been rising steadily over the past month. Most of us are accustomed to volatility in fuel prices, but they have actually been relatively stable over the past 10 months. About a year ago, diesel fuel prices were approximately 15 cents higher than where they are now. Then, the price fell rapidly during March 2013 and hovered

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Not All Fuel Discounts Are Created Equal

There’s a lot more to managing fuel then just a discount. Fuel vendors want you to believe you are getting the best price possible. In most cases, a customer has no idea how they compare to another company buying the similar amount of gallons. Truth be told. Every company’s fuel buying program can be improved. Sokolis manages over 300 million

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Fuel Taxes Taking a New Route?

As a CPA, I’ve been dealing with taxes for my entire career. To be honest, it’s a part of my job that I really don’t enjoy. There are so many different tax rates and so many inconsistencies when comparing different states, or even counties within the same state. Plus, taxes are always changing! For me, it’s a never-ending battle to

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Which Way Will Diesel Fuel Go! Probably Several Ways!

I’m a diesel fuel price geek, what can I say. I make my living understanding this stuff. As I was preparing to write my annual projections on diesel fuel prices, I started to wonder, is there any trend that no one is talking about? The Energy Information Administration (EIA) projected 2014 to be $3.77 a gallon, but that was only

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Fleet Fueling Creatures

People are creatures of habit. We wake up at the same time, eat the same breakfast, stop at the same coffee shop etc. Fueling up our vehicles is no exception. We go to the same gas station, grab a lottery ticket, pump the gas and continue on with our lives without even stopping to think about it. But what if

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