Lease Purchase Fuel Management Strategies

Gotta split hairs on taxes. IFTA (International Fuel Tax Agreement) takes miles in a state and gallons purchased in that state into account and factors a tax. Road use tax is strictly a function of miles.

JCT Ops are blessed. We pay neither so we don't have to factor those taxes into our fuel and road plans.

 

You know, that's a good question. I hadn't thought to track it that way but since I do track it by purchase in an Excel workbook it should be pretty simple to whip up a formula to pull that together. Then I can track that against the National Average and see how I'm doing in that respect. I'll do that and let you know.

 

Someone else will have to help with IFTA. Since I don't have to pay or file IFTA I don't have any idea how all that balances out. All I know is it's a function of how many miles you run in each state and how much fuel you purchase in each state. The rest is an IFTA mystery to me.

 

Agreed but be careful. Might get some old watery gooey diesel that you'd wish you passed on. Good judgement and common sense should help steer you there. If it looks like you wouldn't dare use the restroom there and there's cobwebs on their only diesel pump you might re-think their fuel. If it's a decent place and they seem to do a descent trade (enough volume to keep the fuel in the ground fresh) might be a great deal and worth it. Just be careful. From my truck stop managing days I can tell you mark up on fuel isn't all that much. In our area it's generally only about .10-.12 cents per gallon so if someone is running way lower than everyone else I'd have to wonder how. All the stations in an area basically get their fuel from the same places. They may have their own fleet and their own rack but it comes from the same tanks and their pricing is all within a couple cents of each other at the rack. Even the big guys that buy and sell futures. Pretty unusual for a Mom and Pop to be able to way under cut the big players in the fuel game but it does happen sometimes. Sometimes you have a Native American owned place that is tax exempt from even the State Excise tax included at the pump. You never know and a sweet deal is nice when you find it but just be careful and use some judgement.