How You Can Benefit from Fuel Hedging

Posted by PS Energy Group on Jun 11, 2019 10:30:00 AM

 

With fuel being the largest operating expense for fleets, controlling fuel costs is a top priority for fleet managers and one that can often seem like a full-time job. Fuel price volatility and unpredictable economic environments don’t make controlling fuel costs any easier, but what can help are proven strategies that ease fuel cost management regardless of fluctuating fuel prices.

Downsizing, rightsizing, preventative maintenance, telematics, and fleet fuel cards are just a few of the various strategies that can help combat price instability and control fuel costs. While all of these can be beneficial, one thing they don’t address is the actual price of fuel. However, a fuel hedging strategy does.

So, let’s take a closer look.

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Tags: Fuel Management

5 Keys to Create a Healthy Vendor Relationship

Posted by PS Energy Group on Apr 23, 2019 10:30:00 AM

There are obvious factors that can help drive a fleet’s strong bottom line, such as controlling fuel costs, optimizing maintenance, ramping up safety initiatives, and monitoring driver behavior. Yet, there’s one factor, maybe not as obvious but equally important — if not more important — to overall success, and that’s maintaining good vendor relationships.

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Tags: Fuel Management

Fleets Increasingly Relying on Biodiesel to Power Vehicles

Posted by PS Energy Group on Mar 26, 2019 10:30:00 AM

No one can predict with 100 percent certainty whether biodiesel will completely replace diesel in the future. There are just too many political, economic, and environmental impacts, and “unknowns” that are constantly in play. That said, if you take a look at the increasing use of biodiesel by commercial vehicles, as well as the growing interest in reducing carbon and greenhouse gas emissions from the transportation sector, it certainly appears that biodiesel is moving full speed ahead in that direction.

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Tags: Fuel Management

Is Wet Hose Fueling Right For Your Fleet?

Posted by PS Energy Group on Mar 12, 2019 11:02:34 AM

If you want freedom from the liability issues that can be associated with fuel storage and dispensing, your fleet vehicles and equipment fueled and ready to go at the start of the workday, and your drivers focused on their job rather than spending time fueling their vehicles at a card-lock or retail fuel station, then wet hose fueling is a method that’s definitely worth exploring.

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Tags: Fuel Management

Single-Platform Solution Provides Insights for Fleet Management

Posted by PS Energy Group on Apr 3, 2018 9:46:58 AM

Whether your fleet is just a few vehicles or a few hundred, properly managing it and staying on top of the multiple challenges, details and requirements can be an overwhelming task.

From finding cost-effective solutions that control fuel prices and cut operational expenses, to figuring out new ways to ensure driver safety while complying with government regulations, fleet management can be a complicated undertaking with lots of disconnected nuts and bolts coming at you from every direction.

However, fleet management doesn’t have to be so co

mplicated and discombobulated. Software solutions and technologies can simplify and streamline the management of your assets on a single platform that is cost-effective and comprehensive.

 

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Tags: Fleet Management, Fuel Management, Asset Management

Five Benefits of Unattended Fuel Outlets (UFOs)

Posted by PS Energy Group on Feb 13, 2018 11:30:00 AM

iStock-528101243_web.jpgIf you manage fleet vehicles for your organization, you’re well-versed on all the ins and outs of the most common methods for obtaining fuel — bulk deliveries to fuel tanks, mobile fueling and purchasing at retail locations with fuel cards. However, there’s another fuel delivery method that you may not be quite as knowledgeable about. And, that’s unattended fuel outlets or UFOs.

Unattended fuel outlets are exactly what the name implies — unmanned fuel stations. They are also known for being reliable, computerized, fully-automated and a fast and convenient way for drivers to fill up vehicles and get back on the road without the time-consuming hassle of convenience store lines and the safety hazards associated with crowded lots.

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Tags: Fleet Management, Fuel Management

Does Your Fleet Need a Fuel Card Program?

Posted by PS Energy Group on Jun 20, 2017 10:00:00 AM

Determining how your drivers pay for fuel at the pump can mean the difference between saving money and improving efficiencies or spending large chunks of your day tracking driver expenses manually.

And, who has time for that?

Making better use of your time and money by identifying solutions that reduce expenses, streamline operations, maximize workforce productivity and keep troubles at bay is essential to operational success. That’s where fleet fuel cards come into play, eliminating cash and conventional credit cards for driver purchases, and replacing them with a trackable, more efficient option.

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Tags: Fuel Card, Fuel Management

2017 Weather Predictions That Could Affect Your Fuel Availability

Posted by PS Energy Group on May 23, 2017 10:00:00 AM

With the 2017 Atlantic hurricane season just around the corner—officially beginning June 1 and ending November 30—there is no time like the present to prepare your fleet operations for the weather that Mother Nature might decide to throw your way.

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Tags: Emergency Fueling, Fuel Management

Is Bulk Fuel Right for Your Fleet?

Posted by PS Energy Group on May 9, 2017 10:00:00 AM

Buying fuel in bulk isn’t always the most cost-effective option.

For emergency, first responder and utility fleets in particular, bulk fuel may be the best solution. In fact, it is an operational necessity. For some fleets, bulk fuel may actually cost more in the long run.

Other options like retail fuel cards or mobile fuel are important to consider, which is why we recommend working with a fuel provider to determine the best option for your fleet operations.

If you are considering bulk fuel, here’s what you need to know.

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Tags: Fuel Management

4 Areas to Cover with Potential Fuel Partners

Posted by PS Energy Group on Feb 7, 2017 10:00:00 AM

With the cost of fuel generally believed to be a fleet’s largest operating expense, procurement of a trusted fuel partner that effectively meets your needs is serious business. Unfortunately, it can be just as confusing as it is serious, with what may seem like a myriad number of factors and details to consider. For example:

  • Number and type of vehicles in your fleet
  • Number of drivers and their job purpose—service techs, sales, delivery, etc.
  • Route distances drivers travel per week/month/year
  • Fuel budget and how fuel bills are paid
  • Methods currently in place to track fuel usage and their effectiveness
  • Controls currently in place and their effectiveness
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Tags: Fuel Management

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