Given the fluctuating fuel prices, companies managing vehicle fleets and truckers are seeking methods to reduce fuel expenses.
Strategic utilization of smart fuel cards, combined with other cost-saving measures, can effectively maximize every dollar spent at the pump. This article delves into efficient fuel-saving strategies for both corporations and truck drivers.
1. Leveraging Rewards and Loyalty Programs with Fuel Cards
One of the most efficient ways for businesses with fleets to reduce fuel costs is by utilizing fuel cards with robust rewards programs. The company earns more points or cashback as their drivers refuel, leading to significant savings over time. Some cards also offer per-gallon price discounts at specific gas stations, providing additional savings when drivers choose these locations.
For individual truckers, loyalty programs at preferred gas stations can result in discounts. Rewards earned on non-fuel purchases translate into cents off per gallon. Additionally, truck stops often have fuel discount clubs that offer fuel savings per fill-up in exchange for a low membership fee. Participating in such programs can quickly offset the cost through savings.
2. Using Fuel Discounts and Coupons
Businesses with fleets can achieve substantial fuel savings by utilizing fuel cards featuring generous rewards programs. As drivers refuel more frequently, the company accumulates additional points or cashback, resulting in significant savings over time. Some cards also offer per-gallon price discounts at specific gas stations, magnifying the savings when drivers choose these locations.
For individual truckers, participating in loyalty programs at preferred gas stations can lead to discounts. Rewards earned on non-fuel purchases translate into cents off per gallon. Moreover, truck stops provide fuel discount clubs that offer fuel savings per fill-up in exchange for a nominal membership fee. Enrolling in such programs can rapidly offset the cost through accumulated savings.
3. Using Fuel Discounts and Coupons
Forward-thinking companies advise their drivers to actively seek out fuel discounts and coupons. Gas station apps offer alerts on reduced gas prices in the vicinity, allowing drivers to refuel when prices are discounted, leading to savings of 5-10 cents per gallon for the company.
Truckers can also take advantage of apps that provide up-to-date gas price information at truck stops and travel centers across the country. Strategically planning refueling around discounted prices and leveraging paper or mobile coupons can accumulate substantial savings for truck drivers.
4. Paying at the Pump vs. Prepaying Inside
Opting to pay at the fuel pump rather than prepaying inside frequently leads to a lower price per gallon, with potential savings ranging from 5-20 cents. Companies managing fleet vehicles encourage drivers to use the pump payment method whenever feasible to optimize savings.
Certain truck stops provide a cash price that is lower than the credit price per gallon. Truckers with cash on hand can realize savings on each fill-up by choosing to pay at the pump instead of prepaying with a credit card inside.
5. Using National Account Pricing
Major corporations with fleets can take advantage of national account fuel pricing offered by fuel card programs. This entails a fixed discounted price per gallon at gas stations across the country, allowing companies to secure fuel savings and maintain more stable budgets amid price fluctuations.
While individual truckers may not have access to national account pricing, smaller fleet owners can explore discounted bulk fuel rates with fuel card companies. This approach offers a level of protection against the volatility of fuel prices.
6. Monitoring MPG and Planning Efficient Routes
Monitoring the miles per gallon (MPG) of each vehicle allows fleet managers to pinpoint less fuel-efficient ones and schedule maintenance. Maintaining vehicles in good condition maximizes MPG and contributes to fuel savings. Optimizing routes ensures that vehicles take the most fuel-efficient paths between assignments. Truckers should monitor their MPG performance and regularly service their rigs for optimal efficiency. GPS and route planning devices assist truckers in mapping out the most fuel-efficient routes during long hauls.
7. Monitoring MPG and Planning Efficient Routes
Monitoring the miles per gallon (MPG) of each vehicle allows fleet managers to identify less fuel-efficient vehicles and schedule maintenance. Maintaining vehicles in good condition maximizes both MPG and fuel savings. Route optimization ensures vehicles take the most fuel-efficient paths between jobs. Truckers should monitor their MPG performance and regularly service their rigs for optimal efficiency. GPS and route planning devices assist truckers in mapping out the most fuel-efficient routes during long hauls.
8. Practicing Fuel-Efficient Driving Habits
Company fleet drivers should train in fuel-saving driving techniques, such as smooth accelerating and braking, maintaining optimal speeds, and minimizing excessive idling. Following these practices enhances the miles per gallon (MPG) performance, leading to substantial savings over time. Avoiding aggressive jackrabbit driving significantly reduces fuel expenses for truckers. Additionally, coasting to decelerate instead of continuous braking contributes to improved MPG.
9. Using Apps to Find the Lowest Prices
Gas price apps such as GasBuddy provide drivers with real-time information on the most affordable gas prices in any given area. This enables both companies and truckers to strategically plan fill-ups around nearby discounted rates, resulting in cost savings at each stop. Apps like TruckMap and Uber Freight display truck stops with the lowest diesel prices, allowing truckers to plan their route and refuel at the most cost-effective truck stops and travel centers.
10. Considering Alternative Fuel Options
Certain companies are transitioning their fleet vehicles to compressed natural gas (CNG) or electric engines to achieve significant long-term savings, and despite the higher initial costs of these vehicles, not relying solely on gasoline or diesel results in lower ongoing fuel expenses. Truckers who are concerned about the volatility of diesel prices may find natural gas-powered tractors to be a viable option. Although limited infrastructure remains a challenge, the technology is advancing and offers a greener, often more cost-effective alternative.
11. Pooling Resources to Increase Buying Power
Smaller fleets have the option to collaborate and form fuel-purchasing cooperatives, pooling their buying power to access discounted bulk fuel rates. This approach enhances their savings compared to individual purchases. Certain trucker associations advocate for their members by negotiating lower diesel fuel prices with major travel centers and truck stops. Joining such groups can secure discounts for truckers who are members.