Publications
Truckinginfo.com has asked Glen Sokolis to write weekly articles for a section called "Friday Fuel." Below is the most recent installment:
9/3/2010 Fuel Mangement and Seven Tips for Putting Together an Effective Fleet Fueling Program
By Glen Sokolis
People are always surprised to learn that over 1.5 percent of a company's fleet fueling budget goes to theft and that 81 percent of fuel thefts are an inside job, with the other 19 percent being an outsider siphoning off fuel or using one of your fleet fuel cards without proper authorization. Read Full Article
8/27/2010 Cheap Diesel Fuel Prices? A Distant Memory
By Glen Sokolis
For as long as anyone can remember, until recently that is, diesel fuel was always less expensive than gasoline which made things easy for fleet fuel managers. Why then have diesel fuel prices risen to the point of being higher than gasoline causing your fuel management upside down? Read Full Article
8/6/2010 Fleet Fuel: A Look Back and a Glimpse Ahead
By Glen Sokolis
What a difference eight years makes in the world of fleet fuel. In May 2002 the average diesel fuel price was $1.30 a gallon and the percentage of that price collected in federal and state fuel taxes was 37 percent. At that price many of us complained about the high cost and the high tax rate. As the price of fuel rose through the years, taxes remained relatively stable in most states based upon a cents per gallon tax rate. Throughout the subsequent years as the price of fleet fuel increased, the tax rates as a percentage shrank to less than 10 percent of the total cost of fuel in July 2008 when diesel hit its all time high of $4.70 a gallon, to the current rate of 15 percent in May when the average national price was $3.06. Read Full Article
7/16/2010 Wow! My Fleet Fuel Card is Burning!
By Glen Sokolis
Every day we deal with thousands of fleet fuel transactions. Some fleet fuel card companies are better than others for customer service, discount deals, acceptance and information. We see this all of the time as we analyze fuel transactions for our fuel management clients. We are well aware of high diesel fuel prices and transaction fees that we see on a daily basis. How about the fees you pay when you pay by credit card and not cash? Read Full Article
7/2/2010 Fuel Management When You Least Expect It
By: Glen Sokolis
My guess is that most of you have a fuel management program. It is either real or it's in your head, but you believe you have an effective fuel program that is money saving when it comes to buying fleet fuel. You might really have that type of program, but most of our research shows that most companies don't have a comprehensive program when it comes to their fuel management needs. Read Full Article
6/11/2010 Life Is Like Fuel Management: You Never Know What You're Going To Get
By Glen Sokolis, Sokolis Group
I had a pretty moving experience last week and it has led me to think about a lot of things in life. As I have been thinking about these things, I realize how similar fuel management and maybe any professions are close to your life.
During life most of us, like me, sort of take every day for granted. If we are grumpy we are grumpy. If we are happy then we are happy. We really don't realize how lucky most of us are with the lives that we have. With fleet fuel purchasing most companies just take for granted that they are getting the price that was quoted to them, the taxes are correct and there are no extra service fees. In fuel management what most people don't realize is how much real effort it takes to run a really good fleet fueling program. Read Full Article
