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Even with lower prices, fuel continues to be among the top costs for fleets. Fleets share some of their best practices to manage fuel.
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Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.
Read More →WEX Inc. has extended its existing fuel-price risk management program through the third quarter of 2014. On March 18, the company said it locked in a fuel price range for approximately $3.43 to $3.49 per gallon during this period.
Read More →Controlling fuel costs through hedging is an option for fleets looking to gain budget stability. As with any strategy, fleets must weigh the pros and cons to determine if a fuel hedging strategy is suitable to their specific needs.
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