Fuel costs are a major cost of doing business when operating a fleet of any size. Purchasing new vehicles can significantly reduce fuel cost, but can be prohibitive as a capital investment. Most fleet managers are unable to replace their entire fleet and may continue to operate older vehicles for some time. This means that proper maintenance to improve and maintain
Throughout the year, Sokolis must update its records for all of the changes made to fuel taxes. It’s a tedious task to sift through the information scattered across the internet for each state. Even though there are web sites that consolidate fuel tax rates in one place, identifying potential exemptions takes more research than just glancing at summarized data. That
Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more
Every year the transportation industry faces new challenges during the winter months, and this year is no different. Among those challenges, many states have mandated biodiesel blends while many have mandated idling restrictions. To add to that, fleet fuel prices are rising, and weather forecasters are predicting a colder and snowier winter than any in recent memory. And with the
The U.S. Department of Justice’s Office of Inspector General recently released their audit findings regarding the FBI’s fleet fuel procurement program. A number of deficiencies were identified with the FBI’s purchasing controls including not verifying quantities and prices invoiced by their fuel suppliers. You might find it surprising that the FBI didn’t pay close attention to these details but fuel
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management and Hours of Service (HOS) regulations can create challenges for companies that need to maximize their drivers’ productivity.
Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management. The recent changes to the Hours of Service (HOS) regulations have definitely created some challenges for companies that need to maximize their drivers’ productivity.
The Energy Information Administration (EIA) reported that the price for U.S. on-highway diesel fuel prices rose 3 cents to $3.903 per gallon, the second consecutive increase. Gas prices were also reported and jumped 6 cents to $3.331 per gallon. Now, gas prices are 1% or 3.3 cents more expensive than a year ago. When also most all year it seems
The Department of Energy (DOE) reported diesel fuel prices rose 3.9 cents per gallon to $3.883 per gallon. This is the second consecutive increase for diesel fuel and the largest one week increase since September.
It’s easy to take a seat on the sidelines and believe all of the things you read in the headlines about diesel fuel prices and gas prices going even higher. Of course those kinds of stories make news and help ratings. So, to answer the question in my own headline, ‘Are diesel fuel prices going up?’ – you betcha.
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