On the other hand, all a person has to do is say they used ‘X’ amount of fuel, but lost the receipt. Or fill their tank and add a couple gallons to portable containers and jerry cans. This too is a common problem, internal theft accounts for more loss than external.
Remember, there are numerous ways around the tracking of fuel. I am just throwing out a few examples. The point is that fuel is one of the many expenses that are found in the trucking industry. What are some of the others expenses?
- Insurance (driver, truck, and cargo/industry related)
- Maintenance (of the vehicles, trailers, and other truck equipment)
- Staff (payroll, taxes, insurance, training)
- Other industry related equipment (laptops, GPS, I Pad’s, cell phones and all the gadgets)
- Other costs (permits, licenses, fines and tickets, fees)
Source: www.fueloyal.com
So it is very important that you do everything you can to cut cost wherever possible. The problem is that not everything is controllable. If the price per barrel of oil rises, then so does the price per gallon at the pump. That can add up, especially if you have an entire fleet to fuel.
