Fuel Mileage part 3
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Over the last several weeks I’ve been covering two topics, fuel mileage and recordkeeping. With fuel prices well into the high two dollar range and at times slipping over the three dollar mark, these are the two most important areas for an owner operator to focus on. The reason that I talk about these two topics together is that they are so intertwined. As we start to look at ways to improve our fuel mileage and lower our operating costs, we need to be aware of a concept called Return on Investment or ROI. This simply means that If you have to spend money in order to lower your costs how long will it take to return your initial investment and then start producing a profit. There are ways to lower your fuel cost without spending any money at all and then there are things that you will have to spend money on first. let’s start with the strategies that don’t require you to spend any money first and let those strategies pay for the the ones that do require an investment.
Here is exactly how to get started. Go to my website and download my software, then put in your fuel receipts from the last month, this will give you a baseline fuel mileage, now as you put in each fuel receipt you will be able to see how your efforts are paying off. The program will track your fuel mileage on every fill up to the hundredth of a gallon. Then slow down three miles per hour and reduce your idle time by 5 hours this week and that will save you seventy two dollars every week, then next week I’ll give you a couple more ideas that don’t cost anything and you’ll be building your savings, so that you can start investing in things that will lower your fuel cost even more, so stay tuned and follow along each week with a new money saving strategy. For now be safe be profitable and master the journey.
