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It’s going to be a summer of pain at the pump.
That’s the dismal assessment offered on Monday by the U.S. Energy Information Administration, predicting the average retail price of a gallon of regular gasoline to average $3.75 through September. Thankfully, that’s lower than last month’s forecast but still about 36 percent higher than last summer, when a gallon averaged $2.76.
For commercial fleets, that $1 price difference adds up quickly, offering a strong business case for managers to refine their long-term purchasing strategies, revisit their driving training programs, and even turn to technology to help improve fuel efficiency.
As Jonathan Bardelline reports today, Ford Motor Company, for example, is relying on its Crew Chief telematics system to monitor how a variety of factors are influencing vehicle fuel efficiency, such as tire pressure, quick starts and excessive idling. You also have many companies exploring alternative fuel vehicles, as Dow Chemical and Waste Management did last month, an option gaining in popularity if managers can overcome some potential challenges, such as infrastructure and cost.
While there is no one-size-fits-all strategy for every fleet, there are some common best practices and tips that may help lessen the pain at the pump for many. But don’t just take our word for it — we’ve asked nine experts in the fleet management industry to weigh in with advice on how to implement green initiatives.