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Fuel Management

Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

‘It Doesn’t Apply to Me’

Have you ever had a conversation with a coworker, driver, or vendor, and replied to an inquiry with “Well, it doesn’t apply to me,” and left the conversation at that? Do you have help at fleet handling specific parts of your operation, such as fuel, compliance, or leasing?

Derive Efficiency Hosts Track Day

On March 3, Derive Efficiency hosted a track day for public and private fleets and the media, showing the differences in performance between a stock vehicle and one calibrated for optimum efficiency.

Pros & Cons of On-Site Fueling

From pricing to convenience, there are many benefits for an on-site fueling facility. But, time to recoup initial investments and additional maintenance requirements should be considered.

Effectively Managing Fuel in Truck Fleets

Managing fuel is about so much more than a price tag. Fuel professionals share insight into best practices for fleets to get a handle on rising costs, cut down on fuel use, and keep track of purchases.

WEX Identifies Fuel Overspending by Industry

Retail industry drivers purchase more premium fuel and higher-priced fuel on average than other industries, while telecommunications, insurance and government fleets keep overspending in check, according to data from WEX Inc.

Colonial Pipeline Expected Back Online by Saturday

The Colonial Pipeline Co. hopes to bring a significant gasoline supply line back online by Saturday, less than a week after a blast that could reduce gasoline supply to the Southeast and Northeast, Reuters has reported.

WEX App Provides Access to Driver Fuel Accounts

WEX Inc. has announced the launch of Fleet SmartHub, an app designed to give fleets mobile access to their drivers’ fuel accounts to help improve business efficiencies, reduce late fees, gain operational insights, and control unauthorized driver spending, according to the company.

Tips for Controlling Fuel Costs

Fuel management is an area of fleet operations that fleet managers have to keep an eye on constantly. A variety of products and technologies are available to fleet managers that can help control this second-highest fleet cost.