When you’re in charge of a fleet of trucks, keeping them fueled is only half the job. The other half involves keeping an eye on the fuel program.
Yet it’s the second part of that equation that often gets neglected: Companies choose a good fuel card provider, they negotiate prices with vendors, but then they either don’t audit their programs, or fail to audit them properly.
Here are a few steps your company can take when it’s time to audit fuel invoices. Continue reading How to Find Savings with Fuel Audits
Oil prices had been trading in a narrow range between $51 and $54 per barrel from the beginning of the year until early March when prices fell rapidly. Their decline into the high $40’s was primarily attributable to increasing inventory levels despite an agreement to reduce production by OPEC and other foreign countries. The following graph shows the daily price movements over the past three months:
Continue reading Fuel Flash – April 2017