Category Archives: Fuel Audit

Now is a Good Time to Outsource Your Fuel Program!

iStock_000014466508_Small.jpgFuel prices have been increasing rapidly over the last several months. Just one event or change can cause prices to spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet’s fuel program up at night.

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Is Your Company Spending 50 Cents a Gallon More Than It Should?

If you use propane to power forklifts in your operations, or other alternative fuels in your fleet, there may be an opportunity to file a Federal excise tax claim for a credit or refund related to the fuel used during 2017. 

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Do You Qualify for a Fuel Tax Refund?

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.

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Working With Your Drivers to Prevent Fuel Card Fraud

Fuel cards are one of the most convenient aspects of the modern trucking industry. They ensure that every driver can get fuel when they need it, don’t have to worry about receipts or reimbursement, and that all company-related refueling stops are charged to the correct account every time. Unfortunately, fuel card fraud is also one of the biggest problems faced by companies with fleets all over the world. From being used to fill non-fleet vehicles to actively being hacked by illegal card-skimming devices, your company could be losing hundreds to thousands of dollars every year to fuel expenses that aren’t being used to run your vehicles. Naturally, you need a prevention plan.

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Is Now a Good Time to Outsource Your Fuel Program?

iStock_000014466508_Small.jpgFuel prices have been relatively stable over the last several months as supply isn’t diminishing enough and demand isn’t exactly booming either. However, as time has shown, fuel prices are extremely unpredictable. It just takes one event or change, and prices can spike or plummet. Volatility will continue in the fuel market as much as it does in the stock market, which can keep whoever is managing your fleet’s fuel program up at night.

Continue reading Is Now a Good Time to Outsource Your Fuel Program?

How to Find Savings with Fuel Audits

Fleet ManagementWhen 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

Find Savings with Fuel Audits

Fleet ManagementWhen 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 Find Savings with Fuel Audits

Fleets Reduce Cost and Save Time by Outsourcing Fuel Management

iStock_000014466508_Small.jpgFleet Managers can be certain of one thing; fuel price volatility. Fuel prices have been on a roller coaster that has recently been climbing after several months of significant declines. Volatility will continue into the foreseeable future which makes a Fleet Manager’s job even more difficult. Managing fuel costs to the annual budget set months ago is nearly impossible.

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Delivery Fuel Audit Example of a Mobile Fuel Transactions

Mobile Fueling holds a labor cost savings value to customers that choose to use it. In many instances auditing these type of transactions internally in more difficult as the transactions may not process to the card vendor at time of delivery.

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