What is hedging? It’s a financial instrument to buy something in the future at a given price. In this case, we are talking about diesel fuel prices. Why would you want to purchase fuel today for the future? As this article is written, diesel fuel prices have been all over the map the last 6 months. Maybe some companies want
It’s been said that what goes around comes around. Well, it may not be karma, but today diesel fuel prices sure look like they are coming around to lower levels. This week the DOE reported that the National Price for trucking’s most used fuel had fallen to $3.888 a gallon. There is still a several week lag in retail prices
Look for your fleet fueling prices of diesel fuel prices and gas prices to take a turn down over the next couple of weeks. A lot of action is happening in the oil world. Fuel prices were falling several dollars a barrel already this week which is good news to your fuel management programs. Then what I believe was a
Exxon, Shell, BP fighting over fuel prices? No. I said, giants Saudi Arabia, Iran and the rest of OPEC are fighting over increase production should happen. More crude oil produced should make way for lower diesel fuel prices and gas prices.
The answer is yes. Now let me explain what I mean by that. Four weeks ago we saw crude oil prices plunge from $113 to $97 a barrel followed by a drop in diesel fuel prices at the pump, and in bulk fueling or mobile fueling where your company has a fixed margin over a benchmark price. Gasoline pump prices
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.
We all know that fleet fueling prices have gone up. We see it everyday at the pump. We feel it in our wallets. But why? Is it because of supply and demand? Is it because of volatility in the Middle East? Just what exactly is driving diesel and gasoline prices higher? It’s simple. The way this fleet fueling professional sees
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
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
I know many of you read these fueling blogs about fuel management and I hope you find them pretty educational. Yes, I admit they can be a little self-promoting. Let’s face it, our dedicated staff of fueling experts deserve a little recognition. They are all working 50-60 hours a week focused on maximizing fuel savings for our clients. Sure we
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