It’s no surprise that Automotive Fleet continues to list fuel price volatility as one of the most pressing challenges faced by commercial fleets. Today’s elevated fuel prices cause fleet managers to spend as much as 30 percent of their budget on fuel alone.
As reported by the US Department of Energy, gas mileage decreases rapidly at speed above 50 mph. In fact, you can assume that each 5 mph you drive over 50 mph is like paying an additional $0.25 per gallon for gas.
Fleet managers that aim to maximize their vehicles MPG performance with the use of fleet management technology can quickly lower their fuel expenses. To start realizing a fast ROI, management objectives should contain the following points:
The ongoing increases are due to various reasons – political issues, natural disasters, In addition to the overall high demand and reliability on fuel. The price of fuel is broken down into different sections. For example, in July 2013, the average price of a gallon in the US was $3.59, this price includes 12% taxes, 6% distribution/marketing, 12% refining and 70% is the price of crude oil.
For more information on how Geotab’s fleet management solutions can help your commercial fleet reduce fuel consumption, please contact us for a free, one-on-one live demo.
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