We talk about fleet management and diesel fuel prices a lot in our newsletter, as we should since many companies have entrusted us to be their company’s outsourced fuel department. Those topics are crucial to our business and therefore yours. As part of a good fuel management program, your fleet management MUST include a miles per gallon analysis. Let’s face it if we can improve your overall MPG’s by even just a bit, there are HUGE SAVINGS to be had!
It wasn’t that long ago that a fleet manager didn’t have to worry about something called diesel exhaust fluids(DEF). Of course with the ever-changing world of fleet management it’s now impossible for anyone in the trucking business who owns a new vehicle impossible to ignore. (Good Blog on DEF).
February retail diesel fuel prices and gas prices jumped 10.6% and 5.2%, averaging $4.111 per gallon and $3.670 per gallon, respectively. Much of this price jump can be attributed to major refinery maintenance and the switch over to more expensive summer blends. Since then, WTI and Brent have dropped to $90.33 per barrel and $110.76 per barrel, respectively. Regular gas prices declined 2.5 cents from a week earlier to $3.759 per gallon, the first drop in EIA gasoline prices in
The good new diesel fuel prices fell 2.9 cents this week on a national average according to the Department of Energy. (DOE). The bad news of course is diesel fuel prices still remain much higher than seven weeks ago, now at $4.130 per gallon.
Could your diesel fuel prices be wrong, like the alcohol content in a major beer company. I not only think so, I know so. Well, let’s be clear on this. There is a class action lawsuit against Budweiser, “The King of Beer.” They still might be the king but not like they used to be.
With truck drivers running around and fleet fueling pricing raising, fuel theft should not be a surprise. Some companies are well aware of the problem and others aren’t. It take solid fleet fuel card controls and fuel audits to truly know if your company can be getting hurt by diesel fuel theft.
It’s easy to see that alternative fuels are a thing of the future in the trucking industry. Depending on whom you ask, natural gas (CNG/LNG), propane, hydrogen, or biodiesel fuel could be the answer. Your guess is as good as mine, and I’m not writing to give you my opinion on which I believe will be the fleet fuel down the road (pun intended). The easy answer is that it’s probably a mix. The alternative fuel that is currently affecting