diesel fuel audits Archives

It’s Tax Season! Are You Paying the Correct Fuel Taxes?

Sokolis Group March 22, 2017

Many fleet managers, controllers, and CFOs might be surprised if they discovered they were overpaying fuel invoices because they included line items disguised as government taxes and fees. At Sokolis Group, we‘re not surprised because we see this happen frequently. Prior to becoming a Sokolis Group client, these companies typically just signed off on fuel invoices that contained “special” taxes or environmental fees. These bogus fees are nothing more than an additional revenue stream for the fuel supplier. However, in some other

Are The Fuel Markets Stable?

Sokolis Group June 3, 2014

Why should stability be a precursor to instability? A recent article in the Washington Post referred to the economist, Hyman Minsky, who explained, “Financial stability is destabilizing. The longer markets are calm, the more people plan on them staying that way. People take bigger risks and take on bigger debt because it doesn’t seem like anything can go wrong — until it does, and all this leverage turns small losses into big ones due to forced selling from margin calls.”

Locked Down Fuel Networks

Sokolis Group April 8, 2014

Years ago, companies were hesitant to direct drivers to fuel stop networks. They were fearful drivers would get upset and leave. Today we are facing the same issues we did back then. “Driver Shortage” But, a lot has changed since then. The need for a company to manage their fuel cost has become a necessity and drivers understand this more than they have in the past. Drivers have become accustomed to working at companies that lock down their fuel network.

Do Rising Fuel Prices Make Your Fuel Supplier Smile?

Sokolis Group March 4, 2014

Diesel fuel prices have been rising steadily over the past month. Most of us are accustomed to volatility in fuel prices, but they have actually been relatively stable over the past 10 months. About a year ago, diesel fuel prices were approximately 15 cents higher than where they are now. Then, the price fell rapidly during March 2013 and hovered around an average of $3.90 per gallon across the U.S. until a few weeks ago.

Category: diesel fuel audits

It’s Tax Season! Are You Paying the Correct Fuel Taxes?

Are The Fuel Markets Stable?

Locked Down Fuel Networks

Do Rising Fuel Prices Make Your Fuel Supplier Smile?

Delivery Fuel Audit Example of a Mobile Fuel Transactions

Diesel Fuel Invoice Audits

Fuel Cards for Fleet Management

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