Beat the Price at the Pump
Price hedging can help transit agencies reduce overall fuel costs, but it isn’t without risk.
The bottom line, according to experts, is that price volatility for diesel fuel is a fact of life for the long run. Current low prices don’t reflect what will happen when worldwide demand picks up again.
Even fixing things not directly related to fuel price, like cost of delivery, inventories on hand and billing errors, can save pennies per gallon, which add up when one is measuring fuel use in the hundreds of thousands or millions of gallons per year. Finally, examining what you are paying for fuel and creating a plan to reduce price risk can be very successful in reducing budgeting concerns, even in times of price uncertainty.
Jim Faber is a freelance writer in the Houston area.
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