Digital Diesel is a fuel card that allows trucking companies to digitally lock-in current diesel prices.
 - Image via Digital Diesel

Digital Diesel is a fuel card that allows trucking companies to digitally lock-in current diesel prices.

Image via Digital Diesel

Genesis Fuel Corporation has launched a new interactive diesel fuel services called Digital Diesel that allows trucking companies to digitally lock-in current diesel prices.

Once a price is chosen, it is locked in and stored on the Genesis Fuel Card, or multiple cards, which can then be used at more than 9,800 fueling locations nationwide at any time. By providing a service that allows trucking companies to secure thousands of gallons of diesel digitally at a locked-in price with no time expiration, carriers are able to convert their largest variable business costs into a known fixed cost over the life of the Digital Diesel contract.

If customers fuel up at a lower price per gallon than their Digital Diesel locked-in cost, Genesis Fuel Corporation will credit the difference. When the pump price is higher than the contracted rate, the customer will pocket the difference.

For more information on Genesis Fuel Corporation and Digital Diesel, click here.

Originally posted on Trucking Info