Diesel fuel prices have been declining for an extended period of time and have reached some of the lowest levels we’ve seen over the past couple of years. Supply has been strong and demand has been modest so it looks like prices will remain lower for a while, at least until we see what the upcoming winter has in store for us.
When it comes to fuel, improving efficiency is important, but lowering the price you are paying can have a bigger impact. There are a number of things you can change/try in order to increase efficiency within your fleet and I encourage you to look into them. These things include tires, mud flaps, side skirts, onboard computers, additives, etc. Hopefully, the companies selling these products have goals that align with yours; saving money. However, at the end of the day, you’re still going to need fuel to power your equipment. You can buy less of it which will help, but why not attack the bigger cost first?