Gas Prices GPS Fleet Tracking

Many experts are saying drivers in the US could be paying over $ 4 a gallon of gasoline this spring. With gas prices this high, it makes sense for many businesses to invest in a GPS fleet tracking system. For a fleet of 25 vehicles, idling time reduced by only 15 minutes per day can result in fuel savings of 562.5 gallons at a cost of about $ 1,783 per year at current gas prices. If you reduce idling time by 60 minutes, it would result in a fuel savings of 2,250 gallons at a cost of over $ 6,000 per year!
Tracking fleet vehicles can significantly reduce fuel expenses, as well as other operating expenses such as insurance costs. Plus a GPS fleet tracking system can increase business productivity and driver safety.
The rise in gas prices is due to several reasons including:
1. Global demand for oil is increasing as China, India and the Middle East are rapidly expanding.
2. Turmoil in the Egypt and the Middle East could restrict the flow of oil, further reducing supply.
3. Winter weather has been extra cold in many parts the US and Europe, creating more demand for heating oil, which can cause an increase in gas prices.
4. The BP oil spill resulted in Obama administering an oil drilling moratorium, which means no more offshore drilling on the Gulf Coast, further reducing the oil supply.
5. OPEC continues to restrict supply.
6. Rising interest in crude as an investment can cause higher prices.

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