how to implement a fuel savings program
DESCRIPTION
Each Monday morning, the U.S. Department of Energy, or DOE, polls 350 retail diesel fuel outlets to find out average fuel prices across the country. Then the U.S. Energy Information Administration releases these prices. Knowing how to capitalize on fuel prices can make the difference between profit and loss. Using a smart fuel savings plan can save these companies millions of dollars; the best way to implement a fuel savings program is to hire an experience fuel management team.TRANSCRIPT
Each Monday morning, the
polls 350 retail diesel fuel outlets to find out average fuel prices across the country
Then the U.S. Energy Information
Administration releases these
prices
Knowing how to capitalize on fuel prices can make a big difference
Loss
Profit
Many companies use these figures to calculate diesel fuel surcharge for that week then
simply hope for the best
But they could be savingmillions of dollars
by implementing a smart savings fuel plan
A smart fuel savings program includes:
Strategic sourcing to purchase fuel at prices lower than the DOE posted price
Negotiating deals with truck stops to consistently get lower-than-DOE prices
Consolidating gallons at participating truck stops
Actively managing a diesel fuel department
With a fuel savings program, your diesel fuel prices should
always be 15 to 25 cents belowthe weekly DOE price
The best way to implement a fuel savings program is to hire an experienced fuel management
team
Hiring a fuel management team gives you the power toNegotiate deals with truck stops
Consolidate & leverage your diesel fuel buying
Strategic sourcing of your fleet fuel purchases
Direct drivers to fuel at the appropriate locations
Actively manage your diesel fuel department
The more you know about diesel fuel prices, the more money you
can save your company