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
If you thought your fleet fueling was going to get cheaper because the spring weather is approaching, check again. Gas prices increased 17 cents last week alone. The national fueling cost for gas is $3.33 a gallon. Most don’t believe the worst is over. It might be time to pull out a pen and paper as a fleet manger and
Yes, diesel fuel prices have gone up 12 straight weeks and will probably go up several more weeks but what has caused this? We all know that it has been a very cold winter, so we have had a diesel fuel supply issue to start. Out of a barrel of crude oil, it only produces 25% of heating oil or
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
Diesel fuel prices have been climbing and the trucking industry has felt that over the last few months. We all have seen gas prices go up but how much has it been. Let’s call it a new gas price high for the past 28 months. For simple economic here is a new one, supply is good and demand is weak
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
Escalating diesel fuel prices in the news are as common today as predications of upcoming winter storms. Both can take a bite out of your business. Customer cancellations, loss of production time, maintaining equipment, operating your fleet to its full potential are all contributors of ol’ man winter.
CONNECT WITH US:
Gain instant access to the ebook!"*" indicates required fields
