Communication Make everyone’s aware of what the goals are to you fuel program. Communicate often and report results always. Review Of current process, procedures and best in class fuel buying Audit All transactions and create a benchmark of current fuel margins Understanding of the fuel business Create the best means for your vehicles to be fueled. Negotiate deals, discounts and
In an article recently in Inbound Logistics, CFO’s are still very concerned about diesel fuel prices and where they will go. I suspect given the recent ups and downs the market has had over the past couple of years, along with continued uncertainly there are challenges to be met. Depending on your type of company; trucking, food & beverage, private
Diesel fuel prices fell for the 11th straight week, dropping 5.1 cents to $3.678 a gallon, a 16-month low, while gasoline dropped almost a dime, the Department of Energy said Monday.
Since the first weeks of May fuel has been plummeting. While this sounds good, and eventually it may be good for the economy amongst other things, are you actually paying less with your fleet? What we have seen here at Sokolis is much higher margins at gas stations and truck stops across the country. I’m talking 25-50 cent margins and
Diesel fuel prices will average $3.90 a gallon this year, the Department of Energy said, lowering a previous forecast.
Diesel fuel prices fell for the ninth straight week, falling 6.5 cents to $3.781 a gallon, while gas prices also continued its slide, the Department of Energy said Monday.
As the euro zones debt crisis drags on, many are concerning themselves with the future on the euro zone. But to many, Monday was quite possibly the first sighting of the light at the end of the tunnel. Oil prices dropped on Monday, as it was a relief to many that the rescue package could turn out well for the
As we all know, none of us can predict the future. However, we can budget for the future and take out upside risk on fuel prices.
Diesel’s pump price continued its recent slide, falling 5.9 cents to $3.897 a gallon, its seventh straight decline and the lowest price since early February. Gasoline also fell, dropping 4.5 cents to $3.669 a gallon, its eighth straight downturn. The diesel slide — the biggest single-week drop in five months — leaves trucking’s main fuel 5.1 cents below the same
Diesel fuel prices fell on a national level 5.9 cents per gallon this week. It might have been a holiday week but as wholesale prices continue to fall retail locations have slowly started to give back some of the large fueling margins they have had recently. With the fuel futures markets not looking very exciting, diesel fuel will continue to
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