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Fuel Costs

Service fleets need to get the most out of every day, with numerous scheduled — and sometimes unscheduled — calls making this more difficult. By using data to streamline the process, fleet managers can effectively route their fleets to meet the needs of customers.

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Diesel Prices Rise to $2.64

The average national cost of diesel has continued to rise. While not hitting previous year prices, it's one trend to watch.

Average Diesel Prices Increase

National average diesel fuel prices were $2.44 per gallon as of Nov. 16, 2020, according to the U.S. Energy Information Administration (EIA).

Why the Industry Is Transitioning to Synthetic Motor Oils

There are three key reasons why the transition to synthetic oils is occurring. They are the proliferation of smaller displacement turbocharged engines, escalating CAFE fuel economy requirements, and government regulations to lower tailpipe emissions.

Cut Hidden Costs: Four Ways to Improve Your Fleet’s Bottom Line

Fleet managers often focus on controlling the biggest fixed operating costs for the acquisition of trucks and fuel. However, it’s the hidden costs that keep fleet managers from achieving their organization’s goals for efficiency and profitability. Renewable diesel is one option to help cut costs.

Personal Use Decreases Vehicle Resale Values

While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.

Exploring Propane as a Fleet Fuel Source

Propane may be a viable option for certain fleets looking for an alternative fuel source. While converting a vehicle to a propane system comes with a high initial cost, the system may come with reduced lifecycle costs over the course of that vehicle's life.

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