As fuel consultants, we are acutely aware of the multifaceted challenges faced by the transportation industry, and one increasingly prominent threat is the surge in cyberattacks targeting this sector. While the spotlight often shines on such digital assaults, there exists another insidious menace lurking within the operations: fuel fraud. Fuel fraud isn’t merely siphoning gasoline […]
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Gasoline is a vital fuel for internal combustion engines, it comes in various forms, each with distinct characteristics determined by its composition and octane rating. Octane rating is a measure of a fuel’s resistance to knocking or detonation. It plays a crucial role in engine performance and efficiency. Exploring the different forms of gasoline and […]
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Managing a business efficiently requires making prudent decisions about every aspect of operations, including how expenses are handled. One such aspect is fuel expenses, which can be significant for companies operating fleets or relying on vehicles for daily operations. While using credit cards for fuel purchases may seem like a convenient option, more and more […]
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For many businesses, fuel cards are a standard way of managing fuel expenses. However, as the world moves towards more sustainable practices, it’s becoming increasingly important for businesses to re-evaluate their fleet’s fuel card usage. Here are some reasons why businesses should consider making changes to their fuel card programs. In conclusion, businesses should consider […]
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According to FICO, in the first half of 2022, U.S. card skimming fraud grew by more than 700%. The world saw record breaking increases in fuel prices, costing business dearly in operating expenses. Employees shifted jobs at an ever-increasing rate as we saw the ‘Great Resignation’ and then ‘Great Renegotiation’. All of this after surviving […]
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The Marcellus and Utica shale basins, the U.S.’s top gas-producing regions, saw record drops in natural gas output over the past week as Winter Storm Elliot smashed through Pennsylvania and Ohio. The storm wreaked havoc, freezing wells and equipment and creating a multitude of mechanical issues at critical pipeline infrastructure. The extreme weather resulted in […]
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In 2022, many businesses have seen their fuel costs drastically increase with rising retail prices. Even with diesel prices starting to ease, fuel is still one of the single largest expenses for transportation companies, if not the biggest expense. How carriers and companies with large fleets purchase their fuel can make the difference between being […]
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Most average consumers have been fixated on the high prices of gasoline in 2022 however, there is another crucial fuel that has been averaging a dollar more per gallon which is diesel fuel. Diesel fuel, commonly known as what powers our trucking industry, is fundamental to powering the global economy. Diesel and its different molecular […]
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Crude and retail prices, despite the usual market fluctuations, have been on a steady decline over the last two months. Brent crude peaked in early March at over $125/barrel and exceeding $120/barrel again in June. WTI crude was much the same, surpassing $120/barrel in both March and June. Brent and WTI, year-to-date, have hit 28 […]
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On June 23rd, Energy Secretary Jennifer Granholm and other Biden administration officials met with top oil CEOs from Chevron, Phillips 66, BP, Shell and ExxonMobil. Last week, in a letter to several major refiners and oil companies, President Joe Biden called for industry giants to use “historically high” margins to help ease the pain at […]
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