Fuel

Managing fleet vehicles requires considerable cost and administration. That’s why many companies opt to use fleet management companies. Of all the expenses to manage with a company-provided vehicle program, one of the highest is fuel. In 2019, fuel accounted for 23% of vehicle program costs. What can a company do to get their gas spend under control? This blog will…

Fuel Prices Are on the Rise: What This Means for Your Company You can’t escape it. The signs are all around you. Literally. Pass any gas station and you’ll see that fuel prices have gone up in the last month, and way up since the past few months. Since September of 2017, actually. This change…

Fuel Prices Now Account for 25.6 Percent of the Total Cost to Own and Operate a Vehicle BOSTON, Mass., June 13, 2018 – Motus, the premier vehicle management and reimbursement platform, released its annual Fuel Trend Report, revealing key data related to current fuel prices and industry changes that will affect prices over the next…

On Tuesday, May 8, President Donald Trump announced America’s withdrawal from the “Iran Deal”— formally known as the Joint Comprehensive Plan of Action (JCPOA)—established by the Obama administration in 2015. While this decision has received mixed reactions, its impact stretches beyond politics and into the economic state of the oil and gas industry. Expecting sanctions…