Fleet Fuel Budget/Fuel Management
Sokolis Group's, fuel management solutions ability to secure fleet fuel contract price caps and guarantees that insulate you from sudden and dramatic diesel fuel prices fluctuations makes it possible to accurately and confidently budget fleet fueling costs over longer periods of time.
Our fleet fueling consultant can help you develop a fleet fuel budget based on your customized fuel management system and gives you the tools to measure actual fleet fueling costs against fleet fuel budget on an ongoing basis.
Sokolis Group, fleet fuel consultants and collaborative resources available to them help achieve security of fuel supply, fuel planning cost efficiency and a solid fleet fuel contract, fuel insurance and fuel management software for your company.
Our fleet fuel consulting group’s, industry partners in the gas price and diesel fuel prices commodities sector are some of the best in the country. They will assist us in setting up your fleet fuel contract and fuel management solutions.
Fuel Hedging vs. Fuel Speculating:
Fuel Speculator:
- Individuals (or funds) that trade in futures contracts for the purpose of making a profit by buying low and selling high, without holding offsetting physical positions.
- Profit or loss treated as investment income
Fuel Hedgers:
- Hold offsetting fuel positions in the market for physical commodity; speculators do not
- Are trying to stabilize their revenues or fuel cost
- Hedging gains or losses are part of cost of goods sold
Your fuel management system with our staff of fleet fuel cost consultants will insure that if you decide a fleet fueling contract is right for your company, you will get the very best service in the fleet fuel business. Our reputation as the leading fleet fuel consulting group will not be compromised with poor quality from our fuel management staff or industry partners.
Service is job one.
In a couple of weeks, I am giving a speech for the Sokolis Group at OPIS on Blocking & Tackling your fuel management program. When you say blocking and tackling it sounds so hard, it reminds you of watching a football game with the big lineman down in the trenches.
Believe it or not, it is that hard. If you want to really save money on your fuel program, first thing you need to do is have the proper fuel planning. How are we going to fuel? Where are we going to fuel? Who is going to do the fueling? What is our process for buying fleet fuel? When is our fuel buying and fuel management going to take place?
There is a list a mile long that goes along with those questions that we will talk about in coming articles.
The most important thing to remember is a fuel management program is a basically a living breathing animal. If you are setting your fuel planning and forgetting about it, you are losing money, everyday. A solid fuel management program needs to be managed all of the time. Negotiations, fuel audits, supplier audits, tax reviews, and drivers following directions on where to fuel. What's the cost for fuel additive, how about DEF now? Successful fuel management program is like a successful football coach. You have a fuel game plan and every week that plan changes because in football your opponent changes but in fuel what is changing is the fuel environment; bulk fuel cost, over the road fuel cost, transaction providers, fleet fuel companies. Your routes change and therefore you must change.
Are you doing these things for your fuel management program today? Your company needs to be. Fuel planning is not going to get any easier as time goes on. What is your company going to do when prices go back up over $4 a gallon for diesel fuel? Over the next several weeks, we will help you get to a place that will provide you with some education to better buy your companies fleet fuel.
For more information on how you can get fuel management & fuel consulting help today visit www.FuelManagementSokolisGroup.com. The Sokolis Group will help you fuel good. Regards, Glen Sokolis.
