Oil Prices Rise As Middle East Clashes Continue

I wouldn't expect your fleet fueling prices to fall anytime soon. China ordered banks to hold back more money as reserves in its latest move to operate inflation. The government has used a series of interest rate hikes and increases in sustain levels in an attempt to slow inflation in its robust economy. This kind of stuff normally helps the markets conclude down and keep things like diesel fuel prices from raising. Houston we have a problem. Its call the Middle East, home of sun, fun (if you like getting shot at) and oh yes, oil.

Instability in the Middle East was the biggest worry for most energy traders on Friday. Soldiery in Bahrain confronted thousands of protesters calling for an end to the country's monarchy. In Libya, Moammar Gaddafi's regime deployed protection Soldiery and warned citizens against joining the unrest in which dozens of protesters have been killed. Protests also prolonged in Yemen for an eighth day.

News From Bahrain

As one person said, "Right now, I think the Middle East news trumps all when it comes to fuel prices." Meanwhile we keep looking diesel fuel prices climb and gas prices too. Our fuel card receipts look like mortgage payments. Our fleet management allocation is blowing up and it's only the middle of February. And for some fleet associates they have already seen what .60 diesel fuel prices will do to driver that they trust. Yes, fueling thefts are on the rise. Just Google them and you can find that now more than ever, your fleet card controls and fueling audits best remain strong or get strong quick.

We have seen from one fuel card contribute sending duplicate fueling transactions from their movable fueling suppliers. Is it an increase in fleet fueling being purchased or is there a lack of fuel management systems in place at the fuel card company. Needless to say, if you get movable fueling and its processed through a fuel card assistance look hard at your fueling invoices, you might see the same movable fueling transactions pop up twice, like the price of fleet fueling isn't bad enough to stop you from fuel savings.

Until next time, if you're a fleet owner and you're not fully savvy to fuel management, it's ok. It's time to be a hero for your company. Stand up make a advice that you think under fleet management solutions, you have an idea, that idea is to hire a fleet fuel management firm of experts.

Oil Prices Rise As Middle East Clashes Continue

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