Fuel Flash - November 2016

November 03, 2016 Sokolis Group

Oil prices traded in a very narrow range during most of October following a rapid increase during the last half of September.  The following graph shows the daily price movements over the past two months:

FF 2016-11 1.jpg

 

fuel, fuel prices, analysis, diesel fuel prices, fuel cost, fuel pricing, diesel prices

Even the FBI Hasn’t Investigated Their Fuel Purchases

October 19, 2016 Sokolis Group

The U.S. Department of Justice’s Office of Inspector General recently released their audit findings regarding the FBI’s fleet fuel procurement program.  A number of deficiencies were identified with the FBI’s purchasing controls including not verifying quantities and prices invoiced by their fuel suppliers.  You might find it surprising that the FBI didn’t pay close attention to these details but fuel management is obviously not one of their core competencies.  In fact, it’s easy to do a web search and find many government audit reports that identify significant issues with their associated departments’ fuel procurement procedures.

driver, mobile fueling, Fleet Management, truck stops, fleet fuel cards, fleet fuel cost

Fuel Flash - October 2016

October 05, 2016 Sokolis Group

Crude oil prices were very volatile during September and the month ended just over $48/barrel.  This is approximately 12% higher than where the month started.  The following graph shows the daily price movements over the trailing three months:

Fuel_Flash_Oct_2016_Graph_1.jpg

 

fuel, fuel prices, analysis, diesel fuel prices, fuel cost, fuel pricing, diesel prices

Does Fueling Time Reduce Your Drivers' Availability?

September 21, 2016 Sokolis Group

Time is money, how many times have we all heard that? We all know it’s true, particularly when it comes to fleet management and Hours of Service (HOS) regulations can create challenges for companies that need to maximize their drivers’ productivity.

driver, mobile fueling, Fleet Management, truck stops, fleet fuel cards, fleet fuel cost

A Fleet Managers Guide to Planning For A Fuel Supply Disruption
How To Hire A Fleet Manager
Free Fuel Audit


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