Fuel costs are a major cost of doing business when operating a fleet of any size. Purchasing new vehicles can significantly reduce fuel cost, but can be prohibitive as a capital investment. Most fleet managers are unable to replace their entire fleet and may continue to operate older vehicles for some time. This means that proper maintenance to improve and maintain fuel efficiency is an important, and cost-effective, way of reducing overall costs.
Here are a few things you can do to maintain fuel efficiency in cars and trucks:
Continue reading How Proper Vehicle Maintenance Improves Fuel Efficiency
Throughout the year, Sokolis Group must update its records for all of the changes made to fuel taxes. It’s a tedious task to sift through the information scattered across the internet for each state. Even though there are web sites that consolidate fuel tax rates in one place, identifying potential exemptions takes more research than just glancing at summarized data. That usually means a visit to a state’s site and digging into their tax regulations.
Continue reading Do You Qualify for a Fuel Tax Refund?
Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more than 90 percent of federal Highway Trust Fund receipts being collected at the pump, this is a very real concern.
Continue reading The Future of Fuel Taxes – What Might Happen as Trucks Become More Efficient
As 2018 got underway, crude oil prices continued their rapid climb and gained almost 10% during January. Prices are approximately 25% higher compared to the start of last year and have reached levels that haven’t been seen in over three years. The following graph shows the daily price movements over the past three months:
Continue reading Fuel Flash – February 2018