Everyone knows how important diesel fuel prices are when it comes to transportation. Every Monday, unless there is a holiday, the U.S. Energy Information Administration releases the DOE (Department of Energy) price for diesel fuel across the country.
Our team of fuel experts has successfully created hundreds of fuel savings plans when it comes to these diesel fuel prices.
Learn how the DOE determines the weekly diesel fuel price.
The DOE is an important number regarding diesel fuel prices because it is the basis of how most companies calculate their diesel fuel surcharge. Monday is diesel fuel price data collection day. Samples of cash, self-serve, on-highway diesel fuel prices (including taxes) are collected from approximately 350-retail diesel fuel outlets across the United States.
This sampling includes a combination of truck stops and service stations that sell on-highway diesel fuel. The diesel fuel prices are collected by telephone, fax, email or Internet from participating outlets. The diesel fuel data is verified and then released around 5:00 p.m. on Mondays.
How Your Company Can Win and Save Money against DOE Diesel Fuel Prices
If you can purchase your company’s fuel at a price that is lower than the posted DOE, due to negotiated discounts, you can still charge the posted DOE price and capture the difference as profit for your company.
How do you buy better, you need to be strategic on where your purchasing your gallons. You need to consolidate gallons at truck stops. Your diesel fuel prices, if purchased wisely, should be anywhere between 15 and 25 cents a gallon below the DOE weekly price.
The differential range in your diesel fuel prices as compared to the weekly posted DOE should stay fairly consistent.
To Save More Money on Diesel Fuel Prices
You need a fuel management team to:
Weekly DOE Diesel Fuel Prices
December 9, 2013
East Coast: $3.912
New England: $4.066
Central Atlantic: $3.972
Lower Atlantic: $3.837
Gulf Coast: $3.773
Rocky Mnt: $3.851
West Coast: $3.993