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Fuel costs are one of the biggest expenses when managing a fleet. Each year, fuel costs fluctuate due to a number of seasonal factors. These fluctuations can cause havoc on a fleet manager’s budget since changes are often sudden and unexpected. We created a fuel cost calculator to help you estimate your annual fuel expenses based on seasonal price changes.
While creating our calculator, we researched the average fuel price changes each month over the past 28 years and found that there are typical price change trends throughout the year.
On average, fuel costs increase by a total of 14.9% during the months leading up to summer, then decrease by 8.6% during the second half of the year. Overall, fuel costs increase by an average of 6.2% each year. This research is based on data collected by The Automobile Association of America (AAA).
Jan: 0.6% increase
Feb: 1.6% increase
Mar: 4.8% increase
Apr: 3.9% increase
May: 3.1% increase
Jun: 0.8% increase
July: 0.8% decrease
Aug: 0% change
Sept: 0.6% increase
Oct: 2.5% decrease
Nov: 3% decrease
Dec: 2.9% decrease
Fleet managers can control some of their fuel costs by implementing a telematics system like FieldLogix. The technology can easily identify drivers that waste excessive fuel due to poor driving habits such as speeding and idling. According to a study conducted by Motorola, fleets reduce their fuel costs by an average of 13.2% after implementing telematics.
The fuel cost calculator will estimate your annual fuel costs based on the average annual price fluctuations. We can then show you how much you can save by implementing a telematics system like FieldLogix to improve driver behavior.
Once you enter the data and select the months, our fleet fuel cost calculator will generate an estimated monthly fuel cost by factoring in average increases or decreases in monthly fuel costs.
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