Fuel Waste: A Guide To Knowing What's In Your Tank And What It's Costing You

By Jenny Shiner, GPS Insight

Controlling fuel waste is an important conversation for organizations. The answer to why is simple – excessively high fuel costs cut into profits. To help identify areas where fuel costs could be potentially higher than they should be, the topics of fuel use, costs, management, and efficiency come into play.

While fuel is a consistent overhead cost that is likely to fluctuate,organizations are controlling fuel waste with GPS tracking by managing how much fuel is filling up their tanks. 

For organizations that believe their fuel costs are higher than they should be or are looking to better understand their baseline costs and potential areas for savings, there is a two-pronged approach that can be applied to reduce fuel waste. First, using fuel management technologies to track fuel spend, correct driving behaviors that increase fuel expenses, and monitor fuel card transactions to identify fraud. Second, identifying specific challenges that increase fuel costs for the fleet, and connecting them to the data to solve these issues.

Control Fuel Waste with GPS Tracking and Fuel Card Software

Organizations use GPS tracking and fuel card systems to better understand their fuel use and how much they are spending. While the cost of fuel will vary relative to the real or expected demand or consumption, it’s common for fleets to use an unnecessary amount of fuel if they are not monitoring it.