Fuel is one of the largest expenditures your fleet will incur – a tremendous 60% of your operating costs! If you want to minimize wasteful spending in your business, you need to get fuel costs under control.
Luckily, reducing fuel costs might be easier than you think. How do you do it? Here are a few key tips and tricks.
According to the U.S. Department of Energy (DOE), your vehicle’s gas mileage decreases when you drive above 50 mph. In fact, every 5 mph you drive over that threshold can cost an additional $0.19 per gallon!
One of the simplest ways to get the most from your money (and your fuel) is to make sure your drivers do not speed. Monitor your drivers to watch for speeding events, set alerts that trigger when a driver surpasses a certain speed, and enforce company rules that discourage driving too fast.
Avoid Unnecessary Idling
Idling is a common driving habit that can be detrimental to your fuel costs. Drivers may think that idling is harmless, but according to the Environmental Defense Fund, an idling diesel truck can burn up to 1 gallon of fuel an hour. If you eliminate unnecessary idling, you can save all that precious fuel.
Additionally, idling releases carbon emissions that can be harmful to the environment. The DOE estimates that eliminating idling vehicles would be as beneficial as removing 5 million vehicles from the road. When you stop your fleet from idling, you’re helping both your business and the planet.
Monitor Your Fuel
Finally, one of the best ways to save on fuel costs is simply to monitor your fuel expenditures. Which drivers are using the most fuel? Where are you encountering fuel slippage? Which routes have the highest fuel cost per gallon? Once you have this information, you can make choices that save you money.
But how you to get this critical information? The answer is simple: with a fuel monitoring solution like Fleetr. Our software monitors your fleet and tracks idling, speed, fuel stops, and much more. With Fleetr, you can save up to $100 per vehicle per month on fuel costs, making your fleet cheaper to operate and more efficient.