Diesel fuel prices fell 4.2 cents to $4.088 per gallon as reported by the Department of Energy (DOE). It looks like after several weeks of diesel fuel climbing it has now taken a turn for the good for the transportation world.
Diesel fuel prices have fallen over the last couple of weeks. They have followed the trend by crude oil prices going lower but what will happen next. We have some crazy things going on that can affect your fleet fueling.
Headlines everywhere screaming gloom and doom; uncertainty in the Middle East, shaky stock market, oil prices up again week after week after week. And to pour salt on our wounds, the EIA (U.S. Energy Information Administration) reported the second largest one-week increase in gasoline prices in past 20 years! This hurts the general public, but is especially painful to those of us in the fleet fuel management industry. People feel stuck, helpless. In the midst of all the bad news wouldn’t you like a glimpse good ol’ perseverance?
Here is a list of what is applicable to fleet management operators – of what’s been extended for an additional year by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010:
Yes, we all know diesel fuel prices are killing your fleet management budget. For you fleet managers, diesel fuel prices are just hitting your fleet fueling costs it is also starting to increase other costs associated with petroleum products. Bridgestone Tire for example just increased a 12% increase in fleet companies tire cost effective immediately. Why? Increased costs in raw materials and energy costs that is leading the way to your fleet management programs costing you more to get the tires rolling down the highway.
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.
Future Fuel Saving Might Be Bleak Without Fuel Management
Diesel Fuel Prices Will Raise, Use Fuel Management System Too Keep Fleet Fueling Control
If you live in almost anywhere in the East/Northeast your fleet companies trucks better had its fueling done before Sunday night for good fuel management. I was fueling my car on Sunday. Why? Everything takes longer in the snow when it comes to fleet fueling or fuel companies delivering. The roads are a mess, the fueling islands are a mess, let’s just say everything is a mess when it comes to heavy snow.