PHH Arval Partners with Pricelock to Provide Fuel Price Protection
SPARKS, MD - PHH Arval has announced a strategic partnership with Pricelock Inc., the leading online provider of fuel-price hedging solutions, to provide fuel price protection to its clients.
SPARKS, MD - PHH Arval has announced a strategic partnership with Pricelock Inc., the leading online provider of fuel-price hedging solutions, to provide fuel price protection to its clients. Effective immediately, PHH Arval can help fleet managers protect their organizations against unpredictable fuel prices and ensure budget predictability.
Pricelock fuel price protection helps companies of all sizes control their fuel budgets through an innovative plan that reimburses them when the national average fuel price rises above a pre-established level. Gasoline price volatility is a primary concern for fleet managers; in 2011, gas prices have already increased 17 percent through the end of March. Fuel price protection can minimize exposure to price fluctuations by establishing a stable gas budget, adding predictability to the bottom line.
“Pricelock is delighted to work with PHH Arval to help its clients stabilize their fuel budgets,” said Naveen Agarwal, COO of Pricelock. “Given the erratic behavior of oil prices in recent months, fuel costs are an even greater source of concern for fleet managers. Our award-winning approach to fuel price protection is designed to eliminate price volatility and bring our customers peace of mind.”
“As a leading provider of fleet management solutions, PHH is committed to identifying new and innovative ways for our clients to controlcosts,” said Steve DiBiagio, PHH Arval’s Senior Vice President of Strategic Alliances. “We have selected Pricelock’s fuel price protection program because it is a proven, easy-to-implement way for our clients to manage fuel costs.”
For more information on Pricelock fuel price protection, visit: www.pricelock.com.
More Fuel
June Fuel Update: Prices Fall Below $4
Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →
Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
Read More →
April Fuel Update: Prices Climb Above $4 as Spring Surge Accelerates
National average jumps to $4.04 per gallon, up sharply from last year, with West Coast prices topping $5 and further increases expected amid rising oil tensions.
Read More →
Tips from Fleet Managers on Saving Fuel Costs
Fleet leaders share practical strategies to reduce fuel spend through smarter policy, routing, and driver guidance.
Read More →
March Fuel Update: Prices Settle With a $4 Average
Fuel prices significantly slowed this week, but a $4 national average is still expected.
Read More →
Bob Adamsky on Fuel Volatility: “Don’t Panic — Have a Plan”
With oil prices rising again, AWP Safety’s fleet manager shares how to respond to rising fuel costs and how the right strategy can turn fuel spikes into cost-saving opportunities.
Read More →
Oil Market Turbulence Is Complicating Fleet Cost Planning
Rapid swings in crude oil prices driven by the conflict in the Middle East could create longer-term cost pressures for fleets, affecting fuel prices, supply chains, and vehicle strategy, says NTEA’s Andrew Wrobel.
Read More →
February Fuel Update: Prices Inch Higher for Third Week in a Row
The final February fuel update reveals prices continuing to inch higher for the third week in a row.
Read More →