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Around the country, government agencies are benefiting from low gas prices. Savings in fuel costs can be used to fund vehicle purchases, supply the general fund, or benefit user departments.
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A drop in fuel prices beginning in July 2014 allowed some fleets to save money on fuel costs. Whether locking in lower prices or putting money back into the general fund, fleets were relieved about the short-term savings.
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A quarter of fleets surveyed report a fuel budget increase of more than 25 percent in the past five years. In addition to more traditional cost-reduction strategies, fleet managers discuss new methods they’re using to reduce fuel expenses.
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