I know last month I told you both gas prices and diesel fuel prices were going to go lower. Stay with me on this, fleet fueling will go lower. Right now we have speculation in many different markets going wild. Have you seen the price of your morning coffee. It is at its highest level per pound in 34 years.
Headlines everywhere screaming gloom and doom; uncertainty in the Middle East, shaky stock market, oil prices up again week after week after week. And to pour salt on our wounds, the EIA (U.S. Energy Information Administration) reported the second largest one-week increase in gasoline prices in past 20 years! This hurts the general public, but is especially painful to those
It certainly seems that “outsourcing” is the buzzword these days across most industries. Fleet fuel management is no exception. If you are the president, finance or operations manager, or even fuel manager at a fleet company, you should know that now is the time to outsource your fuel management. I’m not talking about outsourcing to a company located out of
You spend months putting together your fleet management budget. Looking at all line items to determine if you have accounted for everything your fleet management department needs or if you’re over budget and need to cut. There is always that one line item that worries because it is so unpredictable, fueling. Whether it is your diesel fuel price or gas
I was going to write an article on Friday about what happened to all of those people, who way back when, predicted $100 a barrel for crude oil and increased diesel fuel prices and gas prices right along with it. In fact, I admit, I was one of those people. Wasn’t almost everyone? Well, many things have happened since then.
I wouldn’t expect your fleet fueling prices to fall anytime soon. China ordered banks to hold back more money as reserves in its latest move to control inflation. The government has used a series of interest rate hikes and increases in reserve levels in an effort to slow inflation in its robust economy. This kind of stuff usually helps the
Are you a fleet manager or fuel manager? Are you the president or CFO of a fleet company concerned about your company’s bottom line, again? Are you tired of sitting on the edge of your seat, sweating, worrying and waiting for the Department of Energy to report that diesel fuel prices are up per gallon for the nth week in
The Department of Energy (DOE) just released diesel fuel pricing data that has diesel fuel prices rising for the 10th straight week jumping 7.5 cents to $3.513. It’s the largest increase since December 6, 2010 early in this rise of fleet fueling prices for trucking. This increase puts the diesel fuel price 74.4 cents higher than this same time last
Here is a list of what is applicable to fleet management operators – of what’s been extended for an additional year by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010:
Yes, we all know diesel fuel prices are killing your fleet management budget. For you fleet managers, diesel fuel prices are just hitting your fleet fueling costs it is also starting to increase other costs associated with petroleum products. Bridgestone Tire for example just increased a 12% increase in fleet companies tire cost effective immediately. Why? Increased costs in raw
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