In today's economy, it's no secret that businesses, large and small, are trying to find ways to reduce their operating costs, and one area of focus is the amount businesses spend on gas. With fluctuating prices and various fuel sources available, business owners must make smart decisions to maximize their return while still meeting the operation's needs.
There are many ways to reduce the amount of gas your company spends. One of them is to use a Business Energy Comparison. Business energy comparison websites allow companies to compare different energy suppliers and prices so they can choose the supplier that meets their needs. Additionally, many companies are taking advantage of the various tax incentives available for efficient energy use.
To ensure that your company uses gas efficiently – without compromising efficiency – we have put together this guide with 12 practical dos and don'ts.
Do Monitor Your Vehicle Use
Monitoring your vehicle use is the first step in reducing your business' gas cost. Tracking vehicle usage can allow you to identify areas where gas is being used inefficiently and make changes to improve the situation. By keeping an eye on your vehicle use, you can ensure that your business uses its resources efficiently and saves money on gas costs.
Do Track Mileage and Fuel Usage
Keeping track of how much fuel your business is consuming and how many miles your fleet drives can help you identify opportunities to save money. By monitoring this data, you can see where there are problems with efficiency or where changes in driving habits might be beneficial. For example, if your drivers are using more fuel than expected, you may be able to implement changes such as altering routes or avoiding rush-hour traffic. Also, tracking mileage and fuel usage can help you identify potential vehicle issues, such as tire pressure or maintenance needs.
Do Choose a High-Mileage Vehicle
Choosing a vehicle with high fuel efficiency is one of the best ways to reduce your business's gas costs. A more fuel-efficient car will require less gas, meaning fewer trips to the pump. Additionally, many hybrid and electric vehicles also come with government incentives that can further reduce your costs. Research which type of vehicle will best suit your business's needs and budget, and consider investing in a more fuel-efficient vehicle to save money in the long run.
Do Invest in High-Efficiency Fuel Sources
No matter what type of business you have, investing in high-efficiency fuel sources can help to reduce your business' gas cost. Instead of relying on traditional petroleum products, look into alternative fuel sources such as biodiesel, natural gas, and electric vehicles. Not only will this help to lower your energy costs over time, but it is also a great way to show customers and potential investors that you are making an effort to be environmentally conscious. Additionally, investing in renewable energy sources may qualify your business for certain tax credits or other incentives.
Don't Fill Up for Full Prices
Take advantage of fuel discounts and coupons that can help you save money at the pump. Additionally, use a credit card with rewards for gas purchases to get cash back or other incentives.
Don't Neglect Maintenance
Neglecting preventative maintenance is one of the most common mistakes that lead to higher gas costs. Keeping up with regular maintenance will help your vehicle engines run more efficiently, resulting in lower fuel costs. Check air filters regularly, keep tires properly inflated, and stay on top of oil changes and other routine maintenance tasks. This proactive approach can save your business money in the long run.
Don't Drive Aggressively
Aggressive driving can lead to higher fuel consumption, lower engine life, and increased maintenance costs. When speeding up or quickly changing lanes, you burn more fuel than necessary. Even though it may seem like a small difference, it adds up over time. Also, when accelerating abruptly from a stop, your car has to work harder and use more gas. To save fuel, gradually accelerate and avoid hard braking.
Don't Forget About Eco-Friendly Driving Habits
Teach your drivers eco-friendly driving habits, such as avoiding idling and using cruise control whenever possible. These small changes can help reduce fuel consumption over time.
Don't Ignore Fuel Price Trends
It's important to stay up to date on fuel prices so you can adjust your strategies accordingly. Monitor gas prices in your area and make changes to your purchasing strategy as necessary.
Don't Leave Fuel Tanks Full
Fuel tanks that are left full can have an adverse effect on the fuel efficiency of vehicles, so it's important to leave them only partially full when possible. This will help reduce the amount of fuel wasted due to evaporation.
Do Use Technology to Monitor and Optimize Fuel Usage
Technology can play a big role in helping to reduce your business' gas costs by providing you with real-time, actionable data about how your vehicles are being used and what sort of fuel efficiency they're achieving. Telematics solutions for commercial fleets track the performance of your vehicles, including fuel consumption and idle time, allowing you to adjust driver behavior and optimize routes to maximize fuel efficiency. Investing in a telematics solution is an important step toward lowering gas costs.
Don't Waste Fuel on Unnecessary Trips
Unnecessary trips can add up quickly when it comes to business expenses. When planning a trip, consider all the tasks you need to complete and plan accordingly. Try to consolidate trips into one outing when possible. Plan and map out your route so that you are making as few stops as necessary and taking the most efficient route available.
Reducing your business' gas costs requires vigilance and attention to detail. From using technology to monitoring usage to avoiding unnecessary trips, there are several steps you can take to help reduce fuel expenses. By following these simple dos and don'ts, you can ensure that your business is doing all it can to minimize gas costs. Taking the time to address these issues now will also save you time, money, and frustration in the long run.