Fuel costs rose once again to record highs in late spring, eclipsing $4.50 per gallon nationwide. Any organization that relies on fuel is susceptible to that pain—and that includes school districts and their bus fleets. Georgia public schools were forced to go to remote learning days to save diesel fuel and cash, and a Florida district saw its fuel expenditures rise as much as 40 percent in a matter of months because of just-in-time purchasing policies.
One of the main byproducts of record fuel prices? Fleet managers are paying attention to fuel expenditures more intensely than ever. Fuel and depreciation are a fleet’s two largest expenses—but only fuel offers the opportunity for significant cost savings with some simple changes in policy and better analytics.
With fuel prices at close to all-time highs in California and Arizona markets, it’s no surprise that fleet managers are dealing with increased incidents of gas theft. One small business owner came in and discovered five of her trucks had their gas tanks drilled and siphoned—costing her both the value of the lost fuel and downtime for repairs to her trucks’ tanks.
How to Eliminate Fleet Fuel Fraud
An ex-employee for the city of Shreveport, Louisiana was recently sentenced to spend two-and-half years in federal prison for committing fraud by using city credit cards to illegally purchase gasoline. 1 This instance of fuel fraud took place over two years – from September 2017 to October 2019 – before the former employee was arrested for his crimes, which amounted totally to more than $400,000 of illegal fuel purchases. Read More
8 Ways Truck Fleets Can Curb Fuel Costs
After 2020 saw some of the lowest fuel prices of the last several years, the cost of regular gasoline and diesel fuel has been on a notable upswing since the start of 2021, according to the U.S. Energy Information Administration. 1 Because fuel prices are so volatile, fleet managers need to take extra care in managing this aspect of their business. Here are eight solutions fleets can take advantage of to keep fuel spend down.
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