The Battle Against Fluctuating Fuel Costs

by OPW | May 29, 2012

Needless to say, gas prices are extremely volatile; and while prices are currently on the decline, compared to this time last year, prices have risen nearly 20%. Even industry experts are having difficulty trying to predict gas price fluctuations. And because of these fluctuations, the average driver will pay over $35 extra each month to fuel his or her vehicle. Now imagine how much an entire fleet of vehicles is paying each month in additional fuel costs.

Keeping a handle on fuel costs is a constant battle for fleets of all sizes. A fuel management system offers a viable and effective solution to help manage against rising fuel costs. The benefits of a fuel management system are numerous, including the accurate tracking of fuel, eliminating the need for manual and error prone record keeping, improving fuel tracking for tax purposes, allocating fuel expenses for job-costing, eliminating fuel theft, and improving driver accountability, among others.

Fuel management systems can easily be added to an existing fueling operation. The typical fuel management system consists of the following three items: (1) fuel island terminal, (2) fuel site controller, and (3) fuel management software. The fuel island terminal is connected to the dispenser at the fuel island. The fuel site controller is typically located in the office and is connected via cable, or wirelessly to the fuel island terminal and tank gauge at the fueling site.

OPW Fuel Management Systems

When speaking specifically about fuel management systems, OPW offers the most comprehensive solution on the market for knowing exactly how much fuel you have and where it is going. From complete fuel accountability to total reconciliation and protection against fuel theft, OPW can easily help your operation combat rising fuel costs. Including tank gauging equipment and fuel control systems, these proven OPW solutions can help any operation stay profitable.

How is your operation protecting itself against fuel cost fluctuations?

We'd love to hear from you!