The Volatile Diesel Era

According to the American Transportation Research Institute’s (ATRI) 2022 report,

the total marginal cost of trucking grew by 12.7% in 2021 to $1.855 per mile, the highest on record. Fuel expense was identified as the leading contributor to the increase in this expense, but also provides the biggest opportunity for fleet managers to contain this cost.

As you might already know, diesel fuel is a volatile cost, its price per gallon fluctuates daily and can vary widely along every route across the country. You have probably experienced this yourself; you top off your truck at your closest station only to find out that the next station would have saved you 10-20 cents per gallon. Compound the potential savings across a medium or large fleet and the potential savings quickly add up to hundreds of thousands of dollars each year. The reality is that most drivers buy fuel when they need it, often at the most expensive locations. Fleet managers understand that this is not ideal and that fueling at the wrong fueling stations is costly but find it difficult to identify the optimal fueling stations on every route.

Ifuelsmart is a web based fuel purchase optimization system that gives your team the visibility that they need. With ifuelsmart your team generates an optimal fuel plan for your drivers that takes advantage of the price variability that exists to maximize savings. Our system uses up-to-date custom discounted prices, it shows you exactly where to stop for the cheapest fuel in your route and how much fuel to get.

My name is Gisela Lopez, contact me at sales@ifuelsmart.com I’d be happy to help you reduce your fuel expenses by up to 20 cents per gallon. At ifuelsmart we are on a mission to help trucking companies save thousands of dollars and deliver ROI in the first month. 

Reference:

The Impact of Rising Insurance Costs on the Trucking Industry – TruckingResearch.org