Archive for the ‘Fuel Management’ Category
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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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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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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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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By Sokolis Group - January 9th, 2012
 Look at the chart on diesel fuel prices over the past 3 years. Tell me it’s not scary in trying to figure out where they are going to be next week, next month or 6 months from now. You can’t control what happens to drive diesel fuel prices all over the board. You can control the margin you pay?
Oh yes, you can. Whether the price was $4.71 a gallon or $2.09 or $3.92 a gallon, there was a profit margin that your fuel vendor made from your company. The fuel vendors margin changes all of the time. Would you like to have some control of a large spend like your fleet fueling? What is a fair and reasonable margin that you should be charged?
That would depend on a lot of factors. These would include how well do you understand diesel fuel prices? Who are your contacts in the fuel industry? How large is your fleet of vehicles and how much diesel fuel are you buying?
If I told you that most vendors can make more margin from you when diesel fuel prices were low than when they are high would you believe me? The fact is if you are not watching the market, reviewing indexes, auditing fuel invoices your company wouldn’t know if it is pay a penny to much a gallon or 50 cents to much a gallon. Really, would you know if the invoice is correct or if you believed you had a pricing deal that was over rack. What is rack? Is it the same rack every day? Do you get that rack price? So how do you know? We do know and we know what information is important so you get the best deal, pay a consistent low margin and we manage it for you every step of the way. From fuel audits, to price negotiations, overcharge credits and you don’t have to do a thing. Why?
At Sokolis Group we become part of your fuel department. Most companies can’t afford their own fuel department, heck most companies don’t have the time or expertise! We do and our clients love us for it because we save them thousands to tens of thousands of dollars per month in diesel fuel costs. They get reports, that are very easy to read and summarized. We even create new reports just for them because at the end of the day our clients, are our business.
Have you ever dealt with a fuel card company or large oil company that sold you on bells and whistles. Those bells and whistles are great if you can understand the reports they send you or they call you back in a timely fashion when you have an issue. After all, every company is going to have some sort of issue, it’s how you handle it that separates the great companies that you want as your vendor from the mediocre ones.
Call now…we are waiting to help you 267-482-6155 or send an email to sales@sokolisgroup.com.
Tags: diesel fuel prices, fleet fueling, fuel audit, fuel card
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By Conor Proud - January 9th, 2012
Well, we made it. Surviving 2011 wasn’t easy – the prolonged economic troubles, shifting global issues, rising food prices, etc…but look on the bright side, we made it through not one, but two threatened apocalypses! 2012 is bound to be a better year (and it only includes one Judgment Day from what I’ve heard).
I pay no attention to that nonsense, and you shouldn’t either. There are everyday things that consume our time, like spending time with family or enjoying life. As everyone gets over their holiday hangover and settles in for yet another year, you may be ready to finally get a hold of your fuel program. That’s where we come in.
In 2011 fuel savings was as tricky as ever. Crude was at it’s highest in April, closing out at $114.13 on April 29th. We weren’t buying it here at Sokolis Group with the belief that this was not even a $100 market. It eventually came down to a yearly low on October 3rd at $76.97. We advised some of our clients to buy then believing that it went too low! It has since creped back up. We finished out the year in a mid to high $90s. A lot of that had to do with the tight supply in Europe andAsia. TheU.S. has been a major exporter of diesel, more than ever before.
Luckily, there are ways to improve your program. We have experts that spend all day every day looking at fuel purchases. We know the industry and we have the resources to lower and control your diesel fuel prices. GEICO has it right: a few minutes of your time could save you a lot of money. But to save that money on your fuel program (not your insurance), you have to take a moment to pick up the phone and give me a call Conor Proud at 267-482-6159 or drop me an email cproud@sokolisgroup.com. Let’s talk about how Sokolis Group may be able to help you save money in 2012.
Tags: diesel fuel prices, fuel, fuel prices, fuel program
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By Sokolis Group - January 4th, 2012
Diesel fuel prices dipped 0.8 cents to $3.783 a gallon, its sixth straight decline, while gasoline fuel prices had its biggest increase since October. Gasoline rose 4.1 cents to $3.299, its second straight increase and biggest since Oct. 17. Diesel fuel has fallen 22.7 cents in the past six weeks, following two straight increases totaling 12.3 cents before that. Gas has now risen 7 cents in two weeks. Trucking’s main fuel is now 45.2 cents over same week last year, while gasoline is 22.9 cents higher. If you need more information on how you can save on your fuel purchases and get a customized fuel management program that best fits your needs please give Conor Proud a call at 267-482-6159.
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By Sokolis Group - December 28th, 2011
Diesel fell another 3.7 cents to $3.791 a gallon, its fifth straight decline, while gasoline rose for the first time in six weeks, the Department of Energy said Tuesday.
Gas gained 2.9 cents to $3.258 a gallon, marking its first increase since Nov. 14 and just the second in the past 10 weeks.
Diesel has fallen almost 22 cents in the past fives weeks, following 12.3 cents in two consecutive increases prior to that.
Trucking’s main fuel is now 49.7 cents higher than the same week last year, while gas is 20.6 cents more expensive, according DOE figures. Do you have someone looking over your fuel purchases? Give Sokolis Group a call 267-482-6159 and we will be happy to review your fuel purchases to make sure you are not feeling the increase and yet getting the decrease from vendors when prices fall.
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By Sokolis Group - December 19th, 2011
Diesel fuel prices have fallen over the last couple of weeks. They have followed the trend by crude oil prices going lower but what will happen next. We have some crazy things going on that can affect your fleet fueling.
- Possible oil embargo talks against Iran
- North Korean leader is dead
- U.S. leaves Iraq
Any of these things going on at one time could make a fleet manager worry that pump prices will soon be taking off but all 3 at one time. It might be time to review your guide to fuel savings or better yet the special guide to diesel fuel prices not going to $5. Yes, I said $5 a gallon. I am not saying it’s going to happen but one never knows.
The thought of having and embargo against the #2 OPEC oil producer Iran is scary. The U.S. is putting itself out there with many other countries and trusting countries that aren’t always the most trustworthy. Let’s say these other OPEC and non OPEC countries can’t keep up with the daily production of Iran. The laws of supply and demand will surely kick in as will your diesel fuel cards credit limits.
North Korea you remember these people, the ones that the war is still not over for the last 40 years. Ok, maybe you remember them better as the country with nuclear weapons that always threaten to use them. New leader coming into office since the other leader died. What will that person be like; nice friendly or a crazy nut? Crazy nuts tend to make all world traded markets on edge. Stocks tend to go down and oil prices well, look toward the sky because that is where your diesel fuel prices would be heading.
It is great that the U.S. is finally able to leave Iraq. Iraq couldn’t take care of themselves while we were there what is it going to be like now that we left. Hold your guide to better fuel management or daily review of my fleet fueling costs. If Iraq can’t control their country your fleet management skills will truly be coming into play.
Think about this. What happens if we cut off Iran from selling fuel? Iraq can’t keep it together so Iran decides to mess with Iraq. Scary? Diesel fuel prices won’t be the only thing this fuel management guy will be thinking about.
Let’s all hope that it’s a safe and happy new year and all of this stuff will go the right direct. This way you can just call the Sokolis Group 267-482-6159 to help you lower your fueling costs.
Tags: diesel fuel prices, fleet fueling, fleet managers, Fuel Management, fuel savings, Sokoils Group
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By Sokolis Group - December 1st, 2011
Diesel fuel prices took its biggest decline in two months, falling 4.6 cents to $3.964 a gallon, a week after it had topped $4 for the first time in six months, the Department of Energy said Monday.
Gas price, meanwhile, fell by even more, dropping 6.1 cents to $3.307 a gallon in its fifth decline in six weeks.
The diesel fuel prices downturn was the biggest since a 4.7-cent drop Sept. 26 and left trucks fleet fueling 80.2 cents over the same week last year. Gas prices are now 45.1 cents higher than a year ago.
Diesel fuel prices topped $4.00 a gallon last week. There is a good chance as export levels of diesel fuel continue to increase that $4.00 diesel fuel prices could become the norm.
With the 24.3 cent per gallon on diesel fuel prices in 5 of the last 7 weeks, we can see how the export levels can be putting a charge in fleet fueling prices.
Oil prices declined into the mid-$90s per-barrel last week following a $100-plus closing price on Nov. 16, according to Bloomberg figures. Even though crude oil prices have gone up, it hasn’t lead to a gas price increase on companies fuel cards because gas is not in as much demand as diesel fuel.
Crude futures rose $1.44 on the New York Mercantile Exchange on Monday, finishing the trading day at $98.21 a barrel, Bloomberg reported. It will be interesting to see what effects Europe continues to have on fleet management and possible fuel savings. For a fleet manager his fleet fueling budget is based on a lot of guess work and hopefully a fuel management company that can help guide a path. Even for fuel management it crazy times, it’s difficult to predict crazy things. What you need to good solid blocking and tackling for fuel savings. A broad review of current processes with the ability to have someone or a team of fuel management experts review, implement and audit. 267-482-6159
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