If you’ve been tuning in recently, you know that the Ukraine-Russia conflict has sent energy prices to the moon. Since the beginning of the year, crude oil has shot up a whopping 58% while consumer gas is up by 24%, and it comes as no surprise considering that Russia is the third-largest oil-producing country, accounting for 11% of the world’s demand for it in 2020.
If your wallet is hurt by the current energy crisis, or if your business depends on the daily consumption of hundreds of gallons of gasoline and diesel, then I wish you every condolence. But there are solutions that can help you to cope with the extra financial burden. Even the big oil companies are already trying to convince everyone that starting up new drilling projects in the United States will lower gas prices. Now whether this may or may not be true, we don’t have to wait that long to start making the changes necessary to combat the onslaught of sky-high energy prices.
Ways to Reduce Fuel Consumption
You must consider your first line of defense when it comes to making it through this fuel scarcity. If you take long commutes to work, what are the chances you could wake up a bit earlier and take either the bus or the train? Luckily for people living in the cities where gas prices tend to be higher, these are at least options. Can you imagine living in LA where gas has risen to over $6 per gallon?
If you could use the reminder, there are further things you can do to cut gas consumption, like carpooling, taking to the highways, going on bigger shopping trips, and bringing cash with you to save an extra few dollars per pump. You could even use an app to find the cheapest gas price, look for stores nearby if you need anything else, and take one evening to go there with friends or family and fill up the car. Make a trip out of it, as every trip counts.
Consumer Petrol Cards
There are of course other ways to make sure you save money on trips to the pump. What’s in your financial arsenal? Do you own any credit cards? Have you yet looked at what options are available as far as petrol cards go?
If not, please go to Kredittkortinfo drivstoffkort and take some time to peruse the many options. As of 2022, Exxon, Shell, and British Petroleum (BP) each offer their own latest petrol cards, and each with exclusive deals. The best one out of these offers is to save you 5 cents per gallon for the first month of use, and then after that, the user must pay 100$ per month to perpetuate the discount. 100$ worth of gas may seem like a lot, but to me, this is the perfect commuter card.
Numbers Don’t Lie
Did you know that the average commute to work (as of 2019) takes just about 28minutes? We can apply some math here to illustrate how much gas that is per month: Given that the average distance away from work is about 15 miles, the average speed to work is 15mi/(28min/(60min/1hr))=15mi/. 466hr = 32.14mph which is a Toyota Tacoma that runs about 20MGP.
Thus, every trip to work and back will use up to about 2.67 gallons of gas. Do that for 22 working days in a month and you’ve got (2.67gal/day)x 22days=58.74 gallons of gas per month, and if you live in New York where gas is $4.8/gal, you are talking about $277.15 a month in gas expenses.
A Must-Have For Your Business
Again, if you own a business that consumes a lot of fuel- whether construction, landscaping, shipping- or even just have a fleet of company vehicles, you are probably used to fuel is one of your biggest expenses. However, staying in commercial operation comes with some incentives and privileges. Have you ever considered a Fleet and Fuel Card? You’ll find they typically come with some pretty great benefits that the consumer does not find as easily, like consistent 5-cent per gallon rebates, and discounts on diesel.
Then there are perks like 24/7 roadside service, and built-in fuel management and accounting services. Not every commercial fuel card out there necessitates opening a line of credit, either. The type of policy that best fits your business will depend on your fleet size and gas consumption per month. For instance, if your fleet uses 10,000 gallons or more per month you can find programs that will rebate at least 7 cents per gallon.
Thinking Of Going All-EV? No Rush.
If you have the money to fork out, electric vehicles are also starting to make their way into our everyday lives. Companies like Freightliner and Rivian are also working on the issue of making durable semi-trucks that can haul longer and longer distances. Look no further than https://cars.usnews.com/cars-trucks/future-electric-semi-trucks for more information.
If you or your business cannot yet afford to conform to what are conceivably the petrol-free standards of the future, the financial system has found ways for you to contribute to a more eco-friendly economy. Fuelman boasts an eco-friendly fleet card that claims it will neutralize your entire fleet’s emissions for an extra .5 cents per gallon at the pump.
There are also credit card policies offered to the consumer that also promises to put some of your spending to work for the benefit of a cleaner future. In this way, learning the full scope of all the benefits available for credit enthusiasts is well worth the research, especially if you love the earth.