Fuel taxes comprise at least 20% of the price per gallon. While federal excise taxes are just above $0.18 and $0.24 per gallon for gas and diesel, respectively, diesel fuel taxes and gas taxes by state vary. The collection of these taxes is intended for the repair and maintenance of our roads and highways which is critical for commercial trucking fleets. But what about fleets and businesses that have off road equipment? These companies have two options. They can purchase off-road diesel which doesn't include fuel excise taxes or apply for a fuel tax refund.
5 min read
When evaluating which fleet fuel card is best for your business, it’s important to carefully consider everything that goes into the price per gallon. This includes rebates or discounts, but even more essential are the fees that companies often charge to offset those rebates and discounts. The best choice for your business might not be obvious until you’ve weighed all the factors and calculated the total cost per gallon.
Topics: Fuel Prices
4 min read
Whether you own a fleet of vehicles or operate a single truck as an independent contractor, it’s useful to have access to fuel pricing information to benchmark current costs and forecast future expenses. There are many resources available online to check fuel prices, but with so many options, how do you know which one will work best for your needs? Well, good news. We’ve identified five different ways to find current prices online and outlined the pros and cons of each.
Topics: Fuel Prices
2 min read
Implementing the most cost effective fuel program involves more than just selecting the right fuel card. You need a supplier that can provide the resources and recommend the strategies that will help you accomplish your goals of lowering fuel costs. Practices like the ones listed below can help you save money at the pump while still providing convenience and security for your company.