In the dynamic world of fleet management, controlling fuel costs is paramount. Fleet cards emerge as indispensable tools, offering streamlined solutions to navigate the complexities of fuel expenses.
Every year, the Association of Certified Fraud Examiners reports on the annual cost of fraud. And every year, the number is astonishing, in the trillions. Vehicle fueling is a prime breeding ground for fraud, because it can be so difficult to monitor. For some employees, the notion of filling up their personal vehicle on the company’s dime is too great
With 21 million people, the city of Lagos, Nigeria is one of the world’s busiest and fastest growing metropolitan areas. And with all those people comes a nightmarish amount of traffic. “The World’s Worst Traffic Jam,” The Atlantic Wrote in 2012. Things haven’t improved since then. Reuters profiled Lagos’ traffic congestion in December of last year, describing commuters taking three
Years ago, companies were hesitant to direct drivers to fuel stop networks. They were fearful drivers would get upset and leave. Today we are facing the same issues we did back then. “Driver Shortage” But, a lot has changed since then. The need for a company to manage their fuel cost has become a necessity and drivers understand this more
The Department of Energy (DOE) reported that diesel fuel prices fell this week by 4.1 cents per gallon will certainly help some company’s fleet management budgets.
Gas prices have gone up 9 cents already this year. That is almost a penny a gallon a day for that fleet fuel. Diesel fuel prices in Pennsylvania are already over $4.00 a gallon putting pressure on each fleet manager budget.
Look at the chart on diesel fuel prices over the past 3 years. Tell me it’s not scary in trying to figure out where they are going to be next week, next month or 6 months from now. You can’t control what happens to drive diesel fuel prices all over the board. You can control the margin you pay?
Diesel fuel prices tumbled more than 10 cents during the final two weeks of 2011, the Department of Energy reported, as refineries continued ramping up production.
Yes, the DOE national weekly average for diesel fuel prices went down for the first time since November 2011. But don’t get too excited about your fuel management budget because they only went down $.001. That combined with a continued increase in gas prices does not look good for your tanks. Certainly your fleet fueling program will continue to feel
Although, I think we could all use a little luck o’the Irish this St. Patrick’s Day. And, who wouldn’t like to find a pot of gold at the end of the rainbow, or at least some extra “green” added to their corporate bottom line? This is especially true for those of us working hard in the fleet fuel management industry.
CONNECT WITH US:
Gain instant access to the ebook!"*" indicates required fields
