Diesel fuel prices are now $4.158 on a national level as reported by the Department of Energy (DOE). This provides no relief to fleet managers and their fleets. It just provides more discomfort this week for the CFO’s signing off on fuel card invoices, bulk diesel fuel bills and truck stop fuel transactions.
With truck drivers running around and fleet fueling pricing raising, fuel theft should not be a surprise. Some companies are well aware of the problem and others aren’t. It take solid fleet fuel card controls and fuel audits to truly know if your company can be getting hurt by diesel fuel theft.
Diesel fuel prices making the news again. The Department of Energy reported that diesel fuel prices jumped up again another 5.3 cents to $4.157 per gallon. This is the highest diesel fuel has been since August 2008.
It’s easy to see that alternative fuels are a thing of the future in the trucking industry. Depending on whom you ask, natural gas (CNG/LNG), propane, hydrogen, or biodiesel fuel could be the answer. Your guess is as good as mine, and I’m not writing to give you my opinion on which I believe will be the fleet fuel down the road (pun intended). The easy answer is that it’s probably a mix. The alternative fuel that is currently affecting the majority of our clients in some shape or form is biodiesel fuel.
Diesel fuel prices and gas prices continue to go higher according to AAA Daily Fuel Gauge Report. Reported today, diesel fuel prices were at $4.128 cents a gallon, compared to last week, when diesel fuel was $4.048. Last month, truckers main fleet fuel was only at $3.896. The climb is certainly on and could hurt many trucking companies.
Oil prices rose on Tuesday as OPEC raised the outlook for the amount of crude it will need to pump this year to keep supply and demand in balance. Which I am still not sure if that is good that OPEC realizes it and they will produce more or bad because they will say oil is worth over $100 a barrel
The Department of Energy (DOE) reported that diesel fuel prices shot up another 8.2 cents this week for U.S on-highway diesel fuel to $4.104 per gallon.
U.S. gas prices jumped nearly a 25 per gallon over the past two weeks as higher crude oil prices and refinery shutdowns drove prices upward, a nationwide survey reports.
A fleet manager can make or break either big businesses or small businesses. They often have such hectic lives both inside and out of the office, they don’t even know they are making mistakes they could easily fix and save thousands.
With gas prices jumping 18 cents and diesel fuel prices pooping 9.5 cents, this was certainly not the time when your fuel card was going to get a break at any fleet fueling location.