NexTraq Fuel Management Services Will Protect Your Business from Rising Gas Prices
As you have been fueling your fleet over the last few months, you may have noticed the dramatic increase in gas prices. Due to the ending pandemic and the time of year, the cost of gas and diesel is projected to rise even further in the coming months, which has the potential to wreak havoc on your bottom line. However, with NexTraq fuel management services, you can have the power to control and monitor your fuel spend to protect your business from exorbitant expenses at the pump.
NexTraq® – a MICHELIN group company – is a top provider of vehicle and asset tracking solutions made to optimize your fleet and enhance your return on investment (ROI) to ensure the continued success of your business.
Supply and Demand
Much of the reason gas prices have climbed over the recent months is due to supply and demand. As people quarantined and worked from home during the pandemic, the demand for gas and diesel sharply decreased, which lowered the production and cost of oil. However, as COVID restrictions loosen and people are traveling again, the oil prices are surging as the demand for fuel is soaring. However, the current supply is struggling to catch up with the current demand.
The time of year is also playing a significant role in the cost of gas. Each year, most U.S. refineries undergo annual maintenance in March and April so they can switch their systems from producing winter to summer gas blends to comply with EPA requirements. When making this update, their transportation and refining expenses increase, which factors into the gas prices in the following months.
Superior Fuel Management Services
With superior fuel management services from NexTraq, you can effectively measure and manage your fuel spend to protect your business from rising gas and diesel costs.
Improve Fuel Efficiency
Knowledge is power and with NexTraq Fuel Efficiency Reports, you can easily view and analyze comprehensive data detailing fuel and fuel-related purchases made by the company, fleet, vehicle, or driver. These reports also enable you to estimate the average fuel economy for your fleet based on miles per gallon driven and the expected distance for a job. If these anticipated fuel costs and MPGs do not match up to what is happening on the road, you will be the first to know.
Reduce Your Fuel Spend
One of the major causes of increased fuel spend lies in excessive idling. When your drivers leave the engine running it is detrimental to your fleet, budget and business. With extensive idling reports from NexTraq, you’ll have the data you need to help minimize engine idle time to reduce your fuel spend and optimize your fleet’s time on the job.
Direct Drivers to Closer Fueling Locations
When your drivers are circling unfamiliar areas attempting to find a place to refuel, it wastes gas and puts unnecessary wear and tear on your vehicles. With NexTraq Geofencing and Mapping features, you can track your drivers and direct them to the closest fueling locations near them to save you time and money.
Empower Your Business with Fuel Management Services
With supreme fuel management services from NexTraq you can observe and optimize your fuel spend to understand where your dollars are going and make your budget work better for your business.
Contact us today to learn additional information and schedule a free, one-on-one consultation.
As a MICHELIN group company, NexTraq is dedicated to improving your fuel spend and fleet performance with fuel management services to provide you with everything you need to get more out of your vehicles, drivers and teams today.