By Joan Gottlieb, email@example.com
Diesel fuel prices will average $3.85 a gallon this year and rise to $3.93 next year, the Department of Energy said in its monthly short-term energy outlook. In most cases we find the DOE to be conservative on their diesel fuel price forecast.
Exxon, Shell, BP fighting over fuel prices? No. I said, giants Saudi Arabia, Iran and the rest of OPEC are fighting over increase production should happen. More crude oil produced should make way for lower diesel fuel prices and gas prices.
Diesel fuel prices have been climbing and the trucking industry has felt that over the last few months. We all have seen gas prices go up but how much has it been. Let’s call it a new gas price high for the past 28 months. For simple economic here is a new one, supply is good and demand is weak and gas prices still climb and put a pinch on fleet fueling for companies.
Do we sound like a broken record now that diesel fuel prices have gone up nine straight weeks. The cost for your fleet fueling didn’t hurt as much this week with only a .8 cent increase to $3.438 a gallon nationwide. It does make diesel fuel prices 65 cents higher than this time last year. Ouch. Listen here fellow fueling cost watchers. The gloves are off when it comes to where your fleet fueling costs are going to go. One word ok, maybe it’s more like several words. Egypt. Middle East. The increase already in crude prices of $6 a barrel since this new twist to your fleet management budget started to unravel on January 1.
A fuel card or a fleet fuel card is used to make payment for diesel fuel , petrol, fuel and gasoline on gas stations with easy payment mode. Just like fleet credit cards, fuel cards help in making payment of diesel fuel and petrol without using cash. The main advantage of using a fuel card or fleet card is that all the transactions or spending done on private and business mileage can be easily obtained in detailed, easy to access statements through itemized billing to prevent any fraud.