The Department of Energy reported that diesel fuel prices declined by 3.6 cents for the week, bringing the cost in at $3.851 a gallon. This is the lowest diesel fuel prices have been since August of 2012.
Why are diesel fuel audits important? It almost seems like an effortless question. It’s common sense really, right? Well…is your fleet auditing their fuel purchases? If I had to put a number to it, I’d guess that only 50% of fleets are doing it. Even that is probably a generous number. Out of the 50% probably half are only doing it as regularly as they should. It’s really a full time job, and the larger the fleet, the harder it gets.
8 for 8. Diesel fuel prices fell yet another week, making this the 8th straight week. The national Department of Energy (DOE) reported diesel fuel prices fell 5.5 cents for the week of April 22, 2013. This makes the cost of diesel fuel $3.887 per gallon. This almost 2 dimes (19.8 cents) cheaper than this time last year.
Pilot Flying J truck stops are under investigation by the FBI and IRS. The reason for the investigation has yet to be clear by those 2 authorities. Pilot Flying J truck stops, CEO, Jimmy Haslam said in a press conference, “that the rebates that were owed to customers were not paid. We, of course, disagree with that.”
Diesel fuel prices fell for the 7th straight week according to the DOE. This week diesel fuel prices went down 3.5 cents per gallon. The national DOE diesel fuel price for the week $3.942 per gallon.
While states struggle to keep up with increased demand on their highway infrastructure, people buying diesel fuel and gas are going to pay. In the latest news, the state of Virginia has passed a law that goes into effect July 1, 2013 that will raise diesel fuel taxes and gas taxes.
Love’s Travel Stops is the first truck stop in electronic payment system. Love’s Truck Stop is completing the addition of an RFID-enabled payment system at its truck stop locations, saying it’s the first travel stop company to give customers the ability to process payment at the diesel fuel island through radio frequency technology.
For 6 straight weeks diesel fuel prices fell. This past week according to figures released by the Department of Energy (DOE) diesel fuel prices across the country were 1.6 cents lower to $3.977 a gallon.
We talk about fleet management and diesel fuel prices a lot in our newsletter, as we should since many companies have entrusted us to be their company’s outsourced fuel department. Those topics are crucial to our business and therefore yours. As part of a good fuel management program, your fleet management MUST include a miles per gallon analysis. Let’s face it if we can improve your overall MPG’s by even just a bit, there are HUGE SAVINGS to be had!