So to compare to other companies...you need to figgure out how much per mile the free fuel is. So, assume fuel cost 3.75. Then subtract the fuel tax since I assume you still need to pay that on your free fuel. Assuming you average .25 fuel tax then your savings are $3.50*250gallons=$875/trip. Now we need to know how long the average trip is. Take 875/average round trip to get approx pay per mile in fuel. So you get .84/mile, + Free fuel bonus + FSC. For us to tell you if this is a good deal, we need the 2 missing pieces..but it does sound pretty good.
To be or not to be
Discussion in 'Ask An Owner Operator' started by BulletProof, Dec 17, 2013.
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Driving force, I'm sure they would love to move to all o/o because then they have no cost to the truck or paying our 40 shop employees and buying parts. That is why I'm trying to get a truck and get in before everyone else does. -
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BigKid2 Thanks this.
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The guy didn't say his employer was buying fuel for $2.05 a gallon and selling it for $3.80 He said the price AROUND there is $3.80 and his employer is selling his fuel to the O/O's for $2.05 a gal. I would think he could do that, if his brother owns the oil company..
Usually when reading these type of deals, at $.84 per mile, the company is paying for a lot of things, like plates, Ins, ifta + filing and so on.GITRDUN45 Thanks this. -
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My average operating FUEL cost is 0.59 cpm ytd. My average fuel cost per gal is 3.92 ytd. My ytd MPG average is 6.67 mpg. 0.84 cpm-0.59 cpm=0.25 cpm. That is ONLY fuel cost, no tires, maintenance, or repairs. I know the "discounted" fuel will raise the net in your favor, but it's way too early in the morning(04:00 here) for me to figure out how much, maybe after my next pot of coffee I'll be more help.
SheepDog and BulletProof Thank this. -
OK I'm awake now... using 6.5 for an average MPG if you paid $2.05 for ALL gallons, your FUEL costs would go down to about $0.32 cpm.
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