If you are a Fleet Manager, CFO, President, Owner or Purchasing Department you must have a comprehensive approach to fuel management. Yes, fuel costs are lower now than 2 years ago but they won’t always be and even if they are lower, doesn’t your company deserve a program that provides security of supply and improved economics of your fuel buying? Don’t spend your fleet companies money on extra diesel fuel prices that your fuel companies might be charging you.
Light, sweet crude for January delivery recently traded 50 cents, or 0.6%, higher at $88.50 a barrel on the New York Mercantile Exchange, nearing fresh two-year highs. Brent crude on the ICE futures exchange recently traded 55 cents higher at $91.24 a barrel, after hitting its highest price since October 2008. It’s going to be hard to find fuel saving when diesel fuel prices catch up to the price of crude. Nonfarm payrolls rose by 39,000 in November as private-sector employers added just 50,000 jobs, the Labor Department said Friday, well below economists’ average estimates calling for a 144,000 increase. A separate survey showed the unemployment rate unexpectedly rose to 9.8% last month.
The expression it’s too good to be true it probably is. How about diesel fuel prices or gas prices? As reported in Oil Express fleet fueling industry newsletter by Oil Price Information Service ( OPIS , a Houston fuel companies operator has been charged with $30 million dollars for deliberately miscalibrating fueling pumps. According to Oil Price Information Service ( OPIS ), the fleet fueling operator did not calibrate the fueling pumps according to Texas regulations.
Keep Tires Properly Inflated
Keep tire air pressure at the level recommended by your vehicle manufacturer. A single tire under inflated by 2 PSI, increases fuel consumption by 1%.
Ok, everyone who worries about diesel fuel prices and gas pricing increases in taxes coming from a person in fuel management, please wait a second before being upset. Before this article goes any further, politics don’t sway my view on higher taxes, which will increase diesel fuel prices and gas prices but common sense might.