Oil traded above $88 a barrel in New York after a decline in U.S. jobless claims bolstered speculation the economic recovery may boost fuel demand in the world’s biggest crude-consuming nation. Time to put your fuel management pants on and make sure you have a good fuel card.
If you are a Fleet Manager, CFO, President, Owner or Purchasing Department you must have a comprehensive approach to fuel management. Yes, fuel costs are lower now than 2 years ago but they won’t always be and even if they are lower, doesn’t your company deserve a program that provides security of supply and improved economics of your fuel buying?
Light, sweet crude for January delivery recently traded 50 cents, or 0.6%, higher at $88.50 a barrel on the New York Mercantile Exchange, nearing fresh two-year highs. Brent crude on the ICE futures exchange recently traded 55 cents higher at $91.24 a barrel, after hitting its highest price since October 2008. It’s going to be hard to find fuel saving
The expression it’s too good to be true it probably is. How about diesel fuel prices or gas prices? As reported in Oil Express fleet fueling industry newsletter by Oil Price Information Service ( OPIS , a Houston fuel companies operator has been charged with $30 million dollars for deliberately miscalibrating fueling pumps. According to Oil Price Information Service (
Keep Tires Properly Inflated Keep tire air pressure at the level recommended by your vehicle manufacturer. A single tire under inflated by 2 PSI, increases fuel consumption by 1%.
Ok, everyone who worries about diesel fuel prices and gas pricing increases in taxes coming from a person in fuel management, please wait a second before being upset. Before this article goes any further, politics don’t sway my view on higher taxes, which will increase diesel fuel prices and gas prices but common sense might.
Nearly 42.2 million travelers are expected to hit the roads or take airplanes during the Thanksgiving holiday. According to AAA, that’s an increase of 11.4 percent over last year.
A carefully laid plan will bring success to just about anything you do. With diesel fuel costs as high and unstable as they have been it’s crucial that you have a fleet fueling plan. There are several “wins” in a comprehensive policy like lower diesel fuel prices. Of course the overall goal is to lower the total cost of fleet
Is your fuel management ready with U.S. diesel fuel prices averaging just below $3.11 per gallon over the last week – up over a dine per gallon in the last month and some 35 cents per gallon higher than the same time last year, according to the Energy Information Admin. (EIA), truck fleet companies should keep a close watch on
In today’s economy, it is more important than ever to make sure your business is running efficiently. Having control over day to day fleet operations, like fuel management and fleet management, is crucial in maintaining and improving your bottom line.
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