The Car and Truck Fleet and Leasing Management Magazine

Fleets Anticipate Rising Fuel Prices, Survey Says

January 26, 2010

REDWOOD CITY, CA - More than 90 percent of fleet professionals surveyed by Pricelock believe fuel prices will rise and are concerned about the impact on their business. In addition, only 38 percent of respondents who have considered fuel price protection have implemented plans, despite the fact that nearly 90 percent of those with price protection plans in place are happy with them, according to results from the first Annual Pricelock Fuel Pricing Survey. 

Pricelock e-mailed the survey to Automotive Fleet Magazine's subscriber base of more than 19,000 people. Approximately 525 individuals completed the survey. Survey respondents included executives, fleet managers, directors, and other industry professionals associated with small, mid-sized, and large fleets. The respondents also represented a broad range of industries, including auto & transport, energy & utilities, construction, business services, government, industrial manufacturing, healthcare, and consumer products. 

The survey also revealed that:

  • An overwhelming 91 percent of respondents believe that fuel prices will go up, citing reasons such as speculation, emerging market consumption, world events, a weaker U.S. dollar, greed, and supply and demand.
  • 96 percent of respondents who believe fuel prices will rise are concerned about fuel prices and its impact on their company.
  • Of the 96 percent concerned about fuel prices, 34 percent indicate that they have considered implementing a fuel price protection program.
  • Of those who have implemented a fuel price protection plan, nearly 90 percent indicate that they are happy with their fuel price protection program.
  • Many of the respondents who have not protected their fleets against rising fuel prices said they have not done so because they believe their company is too small or that they lack the necessary expertise to implement a protection plan. 

 "The results of this survey identify a strong need for fuel price protection programs that are easy to understand and accessible to businesses of all sizes," said Naveen Agarwal, chief operating officer of Pricelock.


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

In the United States, a term used to describe a closed end lease that does not include maintenance or tire replacement expenses within the monthly lease rate.

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