The Car and Truck Fleet and Leasing Management Magazine

FuelCASHBack Launches Fuel Hedging Program

February 21, 2006

DALLAS – FuelCASHBack and partner Gas-Lock Advisors announced their program to lock in the price fleet managers pay for fuel and eliminate the risk of going over budget. This patent-pending process allows fleet managers to take back control over fuel costs and not pay a cent more when the price of fuel increases.FuelCASHBack extends the hedging strategy that big corporations and even utility companies use to lock in rates by not just locking in the wholesale price of a gallon of fuel, but also the retail price at the pump. When that fuel amount rises above the locked-in price, FuelCASHBack will rebate the company the difference. Simply stated, the higher the fuel price goes, the bigger the cash rebate. “There is time to be a leader on fuel hedging,” said Jeff Miller, CEO of Gas-Lock Advisors. “Fuel cost hedging is a new problem for everyone in the business. Fleet managers who address this problem now are savvy professionals who are getting ahead of the curve. They are dealing with a trend that many others will be scrambling to address in the coming months.”Each fleet is different and needs a customized program. FuelCASHBack works with each company by evaluating current fuel usage, the budget, and how fleet costs affect the overall picture. The FuelCASHBack programs can be adapted to fit a wide variety of needs.“FuelCASHBack understands the dangerous effects of soaring fuel prices and in turn built a process to help fleet managers guarantee their fuel budget and increase their companies’ bottom line,” said Hemant Lall, president of FuelCASHBack. FuelCASHBack is a division of SCA Promotions.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

CSA stands for Compliance, Safety, Accountability, and refers to a U.S. Department of Transportation (DOT) program designed to help ensure over-the-road and other heavy truck drivers adhere to various DOT safety requirements and laws.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher