Running a fleet comes with many expenses, and fuel costs represent a major part of your budget. In fact, fuel is one of the biggest costs of running a fleet, and fluctuating gas prices don’t help. That doesn’t mean you can’t trim costs down so your business can run more efficiently. Here are a few ways to cut fuel costs for your vehicle fleet.
1. Train Drivers to Adapt Their Driving Habits
Fuel consumption can be lowered by keeping vehicle speed below 60 miles per hour. Driving slower boosts fuel economy and so does using cruise control when possible. Also, discourage drivers from idling often, as it wastes an unnecessary amount of gas. Carrying excess weight from items in the trunk or vehicle bed does as well; these should be removed when not needed, so less fuel is used up.
2. Use Fleet Tracking Software
Drivers can use software to tell them where to go, and an organization can track how they use a company vehicle. Such a program also helps find the shortest and most efficient routes using GPS. You can also track mileage and driver behavior over time. The data provided can supplement your cost-cutting initiatives and your vehicles, and business, can be run more efficiently.
3. Routine Maintenance
Regular oil changes, periodic tune-ups, and brake service do add expenditures, but can go a long way in improving gas mileage and overall fuel costs. You can boost gas mileage by 10 percent just by having an old air filter changed. Maintenance should also include keeping the right tire pressure and ensuring proper engine tuning. You may think putting these things off will save you, but not doing so can reduce fuel efficiency enough to more than make up the difference.
4. Be Wise When Filling Up
Know the specified octane level for each vehicle and use the lowest level possible. Also, don’t top off the tank; it can save you on excess fuel and means you don’t pay for any that spills out. Apps for comparing gas prices are plentiful, so take advantage of them and find a local station that has lower prices or offers a discount to business customers.
5. Use Commercial Fleet Fuel Cards
Fuel cards often afford per-gallon discounts and purchase control, so their use is restricted to buying fuel/and or maintenance services. You can set limits on the type of fuel, how much, and by the time and date. Plus, many cards allow you to monitor and manage accounts online, and receive email and text notifications of unusual transactions in real time. Tens of thousands of commercial fueling stations support fuel cards.
Such a solution can prevent fraud and even theft. But there are many ways you can save your business money by optimizing your fleet. Focus on maintenance, driving habits, and how you fill up and fleet fuel costs can be trimmed to manageable levels. Ultimately, your business can better manage its budget and have a higher level of control over fuel and other vehicle-related expenses.