Diesel Edges Up 0.2¢ to $3.85 a Gallon; Gasoline Gains a Nickel to $3.439

By Sokolis Group - January 31st, 2012

Diesel fuel rose two-tenths of a cent to $3.85 a gallon, its third increase in four weeks, while gasoline gained a nickel. Gas fuel rose to $3.439 a gallon marking its fifth increase in six weeks. Both fuels fell by less than a penny last week, with diesel fuel prices down 0.6 cent and gas down 0.2 cent. This week’s diesel uptick was just its third increase in the past 10 weeks. It had fallen for six straight weeks from late November through the start of the year. Trucking’s main fuel fell 22.7 cents in those six weeks. Through Monday, gasoline has cumulatively gained 21 cents in six weeks. Diesel fuel is now 41.2 cents over the same week last year, while gas is 33.8 cents over a year ago.

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Diesel Dips 0.6¢ to $3.848 a Gallon

By Sokolis Group - January 24th, 2012

Diesel fuel prices fell less than a penny, dipping 0.6 cent to $3.848 a gallon, its first downturn in three weeks. Gasoline fuel prices also fell, slipping 0.2 cent to $3.389 a gallon, its first decline in five weeks. Diesel’s decline left its national average price 41.8 cents higher than the same week last year, while gas is 27.9 cents over a year ago. Trucking’s main fuel had gained 7.1 in the two previous weeks of declines, following a cumulative drop of 22.7 cents in six straight weekly declines. Gasoline had gained 16.2 cents in four straight increases prior to Monday. For more information on your fuel program and how you can save with Sokolis Group call 267-482-6159 and speak with Conor Proud.

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Diesel Fuel Prices & Fuel Management Sure Do Mix

By Sokolis Group - January 20th, 2012

This week, diesel fuel prices rose to $3.854 per gallon, up about 3 cents from last week. Since last year, the average diesel fuel price have risen almost 45 cents this has cause many issues with companies without a fuel management program.  Crude oil prices remain around $100 per barrel.

A potential factor for this week’s slight price rise is the announced closing of the Hovensa oil refinery in St. Croix, U.S. Virgin Islands. This refinery, one of the largest in the world, will be closing early next month to cut losses according to Hovensa officials. While industry analysts say that this closing will not severely impact the global oil market since it had not been operating at full capacity for years, it may effect Hess prices, since this refinery was a joint Hess and Venezuela’s state-owned oil company venture.  You might want to use your fleet fuel cards at Hess stations in the future. Prices will probably decline because it will not be dealing with all the loses from the Hovensa refinery.

Additionally, this past Wednesday, President Obama rejected the Keystone XL Pipeline, which was planned to run from Canada to the U.S. and transport crude from Canada’s oil sands to the Gulf States. While the proposal has been rejected for now, after TransCanada reapplies with a new route, it most likely will pass. At this time, TransCanada officials still believe and expect the pipeline to enter service in late-2014.

Overseas, Iraq is urging Iran to keep open to strategic Strait of Hormuz, where most oil passes from the Middle East to the West. Iran is threatening to close the Strait over increased sanctions on its nuclear program. If this were to happen, both Iraq and Iran would be hit hard. Over 80% of Iran’s foreign currency earnings are from oil exports and 95% for Iraq.

With this rising trend of diesel fuel prices, it is the perfect time to give Sokolis Group, a fuel management company, a call 267-482-6155. We will help set up a fuel management system with your fleet fuel manager that will help your company save money and become more efficient.  We look forward to hearing from you!

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Save Money Put A Diesel Fuel Tank In?

By Sokolis Group - January 18th, 2012

Most people and companies believe that their diesel fuel prices are going to be lower if they have a bulk tank. This might be true for straight fuel savings. It is certainly easier for a fleet manager to have his drivers put their fleet card in a fuel card reader at their home depot after they have paid lower diesel fuel prices.

Well as a fleet management solution it could be they way until something like this happens.

 NJ Transit bus terminal two bulk diesel fuel storage tanks gaskets went bad resulting in a 26,000 gallon spill of the fleet fuel. The result 26,000 gallons of diesel fuel spilling into a storm drain. All kinds of birds dying, potential water source containment and wildlife that might not be the same for a very long time.

The fuel savings for on the diesel fuel prices, well 26,000 gallons lost at $4.00 a gallon over $100,000. A spill cleanup that will amount into several millions of dollars.  People pointing fingers at each other. Mmmm would the NJ Transit bus been better buying diesel fuel with a fleet fuel card at a truck stop or local gas stations.  I am sure the button line on their fleet management would look better today if they did that.

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Diesel Rises Again, Gaining 2.6¢ to $3.854

By Sokolis Group - January 17th, 2012

Diesel fuel prices rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline fuel prices rose less than a penny. The increase followed almost two weeks of $100-plus per-barrel oil, though the price fell under that level late last week.

Gasoline gained 0.9 cent to $3.391 a gallon, its fourth straight increase. Crude futures rose $2.01 on the New York Mercantile Exchange Tuesday to finish the trading day at $100.71 per barrel, Bloomberg reported.

Diesel had declined 22.7 cents in six straight declines prior to last week’s 4.5-cent increase. Trucking’s main fuel is now 44.7 cents over same week last year, while gasoline is 28.7 cents higher.

For more fuel price information and fuel management for your company please contact our Executive Account, Conor Proud at 267-482-6159 or email him at cproud@sokolisgroup.com.

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Gas Prices are Going Nowhere but Up

By Sokolis Group - January 16th, 2012

Gas prices have gone up 9 cents already this year. That is almost a penny a gallon a day for that fleet fuel. Diesel fuel prices in Pennsylvania are already over $4.00 a gallon putting pressure on each fleet manager budget. 

Pressure on pump prices and possible fuel savings is sure to continue as long as there are issues in the Middle East. The Strait of Hormuz.

Analysts and motorists alike are certain to keep continued watching as their fuel card bills with continue to increase.

What will be the end game? It is anyone’s guess. A solid fuel management program will help keep commercial business spend more in line. As diesel fuel prices will try to eat at their companies profits.

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DOE Says, Diesel Fuel Prices Will Be $3.85 a Gallon

By Sokolis Group - January 12th, 2012

Diesel fuel prices will average $3.85 a gallon this year and rise to $3.93 next year, the Department of Energy said in its monthly short-term energy outlook.  In most cases we find the DOE to be conservative on their diesel fuel price forecast. 

The 2012 forecast matches last month’s outlook, and the projection for next year was DOE’s first for 2013.  It would be very good for the U.S. economy if they are correct about the diesel fuel pricing. 

Fleet fuel averaged $3.84 last year, and in its most recent weekly survey released Monday, DOE said. Diesel fuel prices rose 4.5 cents to $3.828 a gallon for a national average.  Fleet fueling first gain in seven weeks, that is a good thing.  It keeps diesel fuel cards a little less active.

Gas prices will average $3.48 per gallon this year — 4 cents below last year — and rise to $3.55 in 2013, the report said.  Again, good news for the economy because I think most Americans have become use to spending that for a gallon of gas.  If gas prices headed to $4.00 a gallon, there would be issues for consumers.

This week’s price survey had gas prices rising 8.3 cents to $3.382 per gallon and the price has gained more than 15 cents in three weeks of gains following higher oil prices.  I know I saw that when I used my fleet card at the pump the other day.  There was no fuel savings coming to me from the last time I filled up except the fuel card has a rebate program built in so I did have some fuel savings.  If I was a larger companies fleet manager, I am sure I would be sweating bullets waiting for my fleet cards invoice.  Of course with a good fuel management program, the fuel savings would be coming through on that fleet card or some other method.

Oil will average about $100 per barrel this year, up $5 from 2011. Benchmark U.S. crude will rise to $106 by the end of next year, assuming U.S. real gross domestic growth of 1.8% this year and 2.5% in 2013, the outlook said.

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Winter Driving

By Sokolis Group - January 11th, 2012

Happy New Year! We begin 2012 for the most part with milder Winter driving conditions than we could have anticipated. But we know that Old Man Winter will tighten his icy grip before Spring arrives. As a professional driver, it is always your responsibility understand, plan for, and safely navigate winter driving conditions. Here are some reminders to help make it safer for you and those around you:

Make sure you are prepared for winter driving. Avoid driving while you’re fatigued. Getting the proper amount of rest before taking on winter weather tasks reduces driving risks. Be aware that many personal injuries are more prone to occur during the Winter months. Slip, trip and fall injuries are the most common types of injury for drivers. Each year, thousands of professional drivers are seriously injured due to not paying attention in winter conditions. Working in the ice and snow requires your full attention and awareness.

Always wear proper footwear. A full support leather shoe with a rugged non-slip sole. Use non-slip covers on your shoes or boots. Again, slow down. Never be in a hurry. Watch where you walk. Snow can accumulate on top of ice in and around truck parking areas. Take small steps and check your footing with each step. Look for ice on all handrails and hand grabs before using them.

Always use three points of contacts when exiting/entering your tractor or trailer or getting on the cat walk behind the cab. And, during Winter, it’s a great idea to wear gloves for better grip. 

  • Prepare for your trip. Pay attention to weather and road conditions. Listen to the weather channel on the radio and listen to other drivers that have previously been in the area. The FHWA’s web site at http://www.fhwa.dot.gov/trafficinfo/index.htm contains links to information on weather and road conditions. There are numerous other resources including travel web sites and 511. The more you know, the better prepared you are.
  • Make sure that your truck is prepared for winter driving. Ensure your vehicle is in top operating condition. While it’s always a smart idea to conduct a thorough pre-trip inspection, severe winter conditions demand you take the extra time needed to make sure some equipment malfunction doesn’t leave you stranded.

Tires are the most important aspect of keeping your vehicle under control in snowy and icy conditions. Drive axle tires should have ample tread depth to provide the best control in winter conditions. The tread depth and condition of the steer axle tires is also vital in keeping the control of the steering. If you are operating in areas with chain laws make sure the chains are in good condition and ready to be installed if needed. Mirrors and all glass in the truck should be clean for maximum visibility. 

  • Buckle up and turn your lights on. Turn on your lights to increase your visibility to other motorists.
  • Be aware of bridges, overpasses, and infrequently traveled roads. Be especially careful on bridges, overpasses and infrequently traveled roads, which will freeze first. Even at temperatures above freezing, if the conditions are wet, you might encounter ice in shady areas or on exposed roadways like bridges.
  • Drive gently. Driving too quickly is the main cause of winter accidents. Just because you are a large truck with a heavy load doesn’t mean that you’re invincible, be sure to drive slowly and carefully on snow and ice covered roads Once you begin your trip, do not use cruise control when driving on any slippery surface (i.e. wet, ice, sand). Always look and steer where you want to go. And avoid, making any sudden stops or hard braking. That means increasing your following distance and driving more slowly.
  • Don’t “pump” the brakes. If your truck is equipped with antilock brakes do not “pump” the brakes.
  • Pay attention. Maneuvers are more difficult to make in the snow. Be sure to anticipate what your next move is going to be to give yourself a lot of room for turns and stopping.
  • Don’t tailgate. While tailgating is a bad idea under normal driving conditions, it is much, much worse in winter weather. Stopping takes much longer on snowy and icy roads than on dry pavement. Be sure to leave a lot of room between your vehicle and the one in front of you. A good rule of thumb is to leave four vehicle lengths between you and the vehicle in front of you for every 10 mph you are driving.
  • Brake before making turns. It is difficult to steer vehicles while applying the brakes in snowy conditions. So make sure to smoothly step on your truck’s brakes to reduce speed before entering turns. Once you have rounded the corner, you can accelerate again.
  • Get to know your vehicle. It is always a good idea to be familiar with your vehicle’s driving dynamics. This is especially true when driving on snow or ice. Also, be aware of the weight condition of your truck. As your load and weight diminish the handling of the truck in snow and ice will change.

As a professional, you have the responsibility to maintain proper control of your vehicle at all times, no matter what the conditions are. If the weather and road conditions are too bad for you to continue, that means you must stop.

Remember it is our primary goal that you go home to your family and friends the way you came to work today, safe and healthy. That should be your goal too!

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Diesel Rises 4.5¢ to $3.828 in First Gain in Seven Weeks

By Sokolis Group - January 11th, 2012

Diesel fuel price rose 4.5 cents to $3.828 a gallon, its first increase in seven weeks, while gasoline fuel price jumped 8.3 cents for its third straight gain. Diesel fuel had dropped 22.7 cents in six straight declines prior to Monday, January 9th’s gain. Gasoline has increased 15.3 cents in three straight gains. The latest price leaves trucking’s main fuel 49.5 cents over same week last year, while gasoline is 29.3 cents higher than the same week a year ago. Are you auditing your purchases to make sure that you are getting the best deal on fuel? Give Sokolis Group a call at 267-482-6159 to find out how you can create and save on your fuel program today!

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Let’s Talk More Fleet Fueling

By Sokolis Group - January 9th, 2012

Until a couple of weeks ago, who heard of the Straits of Hormuz.  It sounds like some kind of love story.  Well it’s not a love story it’s a 25 mile stretch of water that 20% of all the world’s oil goes through daily. Of course that wouldn’t be a big deal if it were in Iran.  One of the United States favorite countries.  At $100 a barrel right now, if Iran does close the Straits look to the sky for your diesel fuel prices.  Right now it’s a game of chicken between the U.S. and Iran.

Saudi Arabia announced that they will step up oil production if needed to fill any gaps.  This is wonderful but would put the Saudis at virtually their maximum production for oil.  The last time that happen was the summer of 2008.  Do you remember that summer, it was a hot summer and most of us had very little spare cash because diesel fuel prices were over $4.70 a gallon, gas prices were over $4.00 a gallon and crude oil was near $150 a barrel.  So what will happen?

Who knows really.  We are in areas that we have never been before as it relates to this.  We all know that oil rules the world.  Those Straits can’t remain close to long, so does that mean a war?  We just left Iraq.  (Yes, the people in that country were not being treated right before we got there and the threat of “Weapons of Mass Destruction”.  It was oil, why we went there.  We need to protect those that have oil because we don’t have enough ourselves.

This will be the first of many crazy things that happen this year that makes the price of oil go crazy.  It could be weather, uprising of a country, potential shortages, increased demand, China, India, pick your poison.  Stable in 2012 for oil is not in the cards.

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