When market conditions or government policies bring fuel cost increases, it’s important to deploy fuel price hike strategies for fleets that can help mitigate rising fuel costs. An important component of fleet fuel management involves planning for unexpected fuel price hikes. In these instances, route planning software is particularly helpful in easing the blow to profitability and profit margins.
As an example, let’s look at expectations for fuel prices in February 2025. The Guardian newspaper reported that US businesses & consumers will see higher gas prices if the new administration sets tariffs on Canadian and Mexican oil.
Fuel Price Hike Strategies For Fleets: Route Planning Software Helps Reduce Fleet Fuel Spends
While the current promised tariffs are said to be on hold for 30 days, unexpected increases in fuel costs for whatever reason can hit a small to mid-sized fleet hard, especially in industries where profit margins are already in the single digits.
Given that the biggest cost of operating a fleet is fuel (60% of fleet operating costs), affordable route planning software that consistently reduces fuel costs can save the day…and the bottom line.
While some of the savings come from saving time for the office staff, the bulk of the savings from using route planning software are in reduced fuel costs because of more efficient routing.
As businesses, organizations & non-profits with small to mid-sized fleets rack up savings, they can be setting some of it aside to account for unexpected increases in gas prices. Even when those gas price hikes are temporary, it can carve a big chunk out of a company’s operating profits. Consistent savings in fuel costs from route planning software can help mitigate that. As a result, route planning software is one of the most affordable, practical fuel price hike strategies for fleets.
For those involved in fleet fuel management, route planning software is literally your best friend, by saving time, and by saving money that can be set aside to offset the impact of unexpected gas price hikes.
If you’re concerned about pending fuel price hikes and are looking at fuel price hike strategies for fleet to mitigate higher fuel costs, take RouteSavvy route planning software for a test drive and seen how it saves money first hand. Try our Free 14-day Trial!
